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Freight Rates to Ship Coal From Qinhuangdao Port Fell for a Third Straight Week

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Core Tip: Freight rates to ship coal from northern China's Qinhuangdao port to the other Chinese ports of Zhangjiagang, Shanghai and Guangzhou fe

Freight rates to ship coal from northern China's Qinhuangdao port to the other Chinese ports of Zhangjiagang, Shanghai and Guangzhou fell for a third straight week, Qinhuangdao port said Tuesday.

Rates from Qinhuangdao to Zhangjiagang for 20,000-30,000 mt capacity vessels averaged Yuan 30.10/mt ($4.83/mt) in the week ended May 13, down Yuan 1.90/mt week on week, the port said.

Rates on the Qinhuangdao-Shanghai route for vessels with 40,000-50,000 mt capacity fell Yuan 1.40/mt week on week to Yuan 25.90/mt, and rates from Qinhuangdao to Guangzhou for 50,000-60,000 mt vessels fell Yuan 1.60/mt to Yuan 36.40/mt.

Coal stocks at Qinhuangdao port rose to 5.58 million mt as of May 14, up from 5.19 million mt a week earlier, port figures showed. 

 

 
 
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