US coal stockpiles finish week at 126 million st: Bentek
Houston (Platts)--11Jul2014/601 pm EDT/2201 GMT
The decline in US coal stockpiles for the week ended Thursday, July
10, slowed as lower temperatures and increased coal production,
particularly in the Powder River Basin, meant US inventories ended the
week at 126 million st, down 1 million st from the prior week, Bentek
Energy said Friday.
A drop in electricity demand during the week resulted in a 5% drop in
daily US coal consumption, according to Bentek, which is a unit of
Platts.
The most recent stockpile estimate total is down 23% from both the
year-ago figure and the five-year minimum range.
US coal stockpiles peaked around June 5 at roughly 136 million st and
have dipped every week since, with the steepest decline in the week
ended July 3, when stockpiles fell more than 2.5 million st.
--Andrew Moore, andrew.moore@platts.com --Edited by Richard Rubin,
richard.rubin@platts.com
© 2014 Platts, The McGraw-Hill Companies Inc. All rights reserved.
To subscribe or visit go to:
http://www.platts.com
http://www.platts.com/latest-news/coal/houston/us-coal-stockpiles-finish-week-at-126-million-21899015
|