China’s coastal coal freight rates slip in week to April 26

A cargo ship is loaded with coal during the opening ceremony of a new dock at the North Korean port of Rajin in this July 18, 2014 file photo. South Korea said on March 8, 2016 it would impose new sanctions against 40 individuals and 30 entities because of suspected links to North Korea's weapons programme and would ban vessels that had stopped at North Korean ports in the past 180 days.  REUTERS/Yuri Maltsev/Files

Freight rates for shipping coal from northern China’s Qinhuangdao Port to the other Chinese ports of Zhangjiagang, Shanghai and Guangzhou in the east and south edged down in the week to April 26, after moving sideways the previous week, Qinhuangdao Port said.

The freight rate from Qinhuangdao to Zhangjiagang in eastern China’s Jiangsu province for 20,000-30,000 mt capacity vessels slipped by Yuan 0.2/mt week on week to Yuan 21.60/mt ($3.33/mt) on April 26, the port said.

The rate from Qinhuangdao to Shanghai in eastern China for vessels with capacity for 40,000-50,000 mt dropped by Yuan 0.30/mt over the week to Yuan 14.60/mt, and the rate from Qinhuangdao to Guangzhou in southern China for 50,000-60,000 mt vessels also dropped by Yuan 0.30/mt to Yuan 20.70/mt on April 26.

Meanwhile, coal stocks at Qinhuangdao port stood at 4.47 million mt on April 26, slightly down from 4.60 million mt a week ago, port figures show.
Source: Platts



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