It is reported that coal stockpiles at Europe’s largest port Rotterdam are showing signs of easing, despite persistently low river levels restricting barge movements and mild weather keeping utility demand muted, Montel reports.
Rotterdam’s key coal service provider Emo has stockpiles totaling 3.4 million tonnes, down by 400,000 tonne from estimates at the beginning of last week. But the decline has been partially offset by a 25,000 tonne rise in stocks at port service provider European Bulk Service to 650,000 tonne, from early November levels. The changes may reflect heightened shipments inland by rail from the Emo terminal.
EBS does not have a rail connection for coal. But stock levels at Amsterdam’s nearby OBA terminal are little changed on the week, at 2.1 million tonnes. A Rotterdam based coal trader said that “Stocks are, in general, still very high, because of limited demand.”
He added that “Very little is moving on the rivers, and if you have to transport something [by river], you have to pay double.”
According to government data, low German rivers River levels at Kaub, on the Rhine below Koblenz which is seen as an indicator for countrywide river levels are hovering around 50cm and look set to remain at these levels until the weekend.
Rotterdam’s key coal service provider Emo has stockpiles totaling 3.4 million tonnes, down by 400,000 tonne from estimates at the beginning of last week. But the decline has been partially offset by a 25,000 tonne rise in stocks at port service provider European Bulk Service to 650,000 tonne, from early November levels. The changes may reflect heightened shipments inland by rail from the Emo terminal.
EBS does not have a rail connection for coal. But stock levels at Amsterdam’s nearby OBA terminal are little changed on the week, at 2.1 million tonnes. A Rotterdam based coal trader said that “Stocks are, in general, still very high, because of limited demand.”
He added that “Very little is moving on the rivers, and if you have to transport something [by river], you have to pay double.”
According to government data, low German rivers River levels at Kaub, on the Rhine below Koblenz which is seen as an indicator for countrywide river levels are hovering around 50cm and look set to remain at these levels until the weekend.