China’s coastal coal freights continued to rise in week to Tuesday

coal shipping

Freight rates for shipping coal from northern China’s Qinhuangdao port to the other Chinese ports of Zhangjiagang, Shanghai and Guangzhou in eastern and southern China continued to rise in the week to Tuesday, port operator Qinhuangdao Port said.

The freight rate from Qinhuangdao to Zhangjiagang in eastern China’s Jiangsu province for 20,000-30,000 mt capacity vessels rose by Yuan 2.50 over the week to Yuan 30.80/mt ($4.77/mt) on Tuesday, the port said.

The rate from Qinhuangdao to Shanghai in eastern China for vessels with a capacity of 40,000-50,000 mt increased by Yuan 2.80 over the week to Yuan 26.60/mt and the rate from Qinhuangdao to Guangzhou in southern China for 50,000-60,000 mt vessels rose by Yuan 2.60 to Yuan 30.70/mt on December 8.

Meanwhile, coal stocks at Qinhuangdao port stood at 4.35 million mt on Tuesday, down from 5.01 million mt a week earlier, port figures show.
Source: Platts

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