Combined coal stocks held by six major power generation companies in eastern and southern China averaged 12.753 million mt in the week ended Tuesday, down 0.1% week on week, Qinhuangdao Port said in a weekly report Thursday.
Based on the current rate of coal burn, the stocks held by Zhejiang Power, Shanghai Power, Guangdong Power (Yudean), Guodian, Datang and Huaneng will be able to meet an average 18.75 days of consumption, up 0.51 days week on week, the report said.
The six utilities consumed a combined 4.764 million mt of coal, averaging 680,600 mt/day, in the week to Tuesday, down 2.9% week on week.
Zhejiang Power, Shanghai Power and Guangdong Power are regional electricity companies while the other three are national power generation companies.