中国煤炭运销协会：6月末重点煤炭企业库存同比增长51.9%

Core Insights - The coal inventory in China is at a historically high level as of June 2025, with key coal enterprises holding 102 million tons, which is stable compared to the previous month and represents a year-on-year increase of 51.9% [1] - National thermal power plants have a coal stock of 21 million tons, reflecting a month-on-month increase of 5.9% and a year-on-year increase of 3.8% [1] - Coal inventory at the Bohai Rim ports stands at 27.65 million tons, showing a month-on-month decrease of 8.5% but a year-on-year increase of 2.5% [1] Inventory Trends - In late July, the coal inventory of key monitored coal enterprises decreased by 8.7% compared to the end of the previous month [1] - The coal stock at thermal power plants increased by 2.3% compared to the end of the previous month [1] - The coal inventory at Bohai Rim ports decreased by 5.8% compared to the end of the previous month [1]