Wednesday, June 27, 2012

Coal inventory at China's power plants hits record; indicates reduced power usage

This weekend we discussed the massive buildup of thermal coal inventories at China's key ports. The reason for the buildup is the reduction in power usage (driven by slower economic activity) which increased coal stocks at China's power plants. We now have the data that demonstrates this "downstream" inventory increase.

Source: ISI Group




SoberLook.com
Related Posts Plugin for WordPress, Blogger...
Bookmark this post:
Share on StockTwits
Scoop.it