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Cold shrinks Qinhuangdao coal stockpile by 700,000 tons

By Song Jingli (chinadaily.com.cn)
Updated: 2009-11-24 10:34

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.

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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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