The sudden cold weather has forced the coal stockpile at Qinhuangdao port in north China to drop to 7.8 million tons, a decrease of 700,000 compared to the week before.
The stockpile figure was taken up to November 16 and prices for all types of coal at the port have increased by five to ten yuan on average.
"Some coal-fired power plants in central Henan province have insufficient coal inventories and even bad quality coal has been bought out", said Li Chaolin, a veteran coal expert, who also expected a small gain for coal prices in the short term...
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