Chinese Power Plant Stockpiles Have Come Under Renewed Pressure; Indian Stockpiles Remain Very Low
- Coal stockpiles at China's six major coastal power plants now stand at 12.3 million tons. The stockpiles have declined week-on-week by 200,00 tons (-2%) and are down year-on-year by 3.2 million tons (-21%). The stockpiles had previously risen for four consecutive weeks. They can now only meet 15 days of demand. China's near-term coal import prospects remain very encouraging.
- Power plant coal stockpiles across India now stand at 11.3 million tons. This is just 100,000 tons (1%) more than was stockpiled at the end of last week and is down year-on-year by 24 million tons (-68%). The stockpiles are still able to meet only 6 days of demand, even though the normal requirement for this time of year is to meet 21 days of demand. India's near-term coal import prospects remain very encouraging.
