China’s Datang Corp has 28 days of coal stocks for its power plants, enough for winter consumption, the company’s general manager told Reuters on Monday, brushing off concerns that utilities could not secure coal supplies for winter. That amount of supply is higher than China’s five major utilities were storing at this time last year. Reuters reported in November 2016 that companies were holding less than 20 days of inventories. Overall Datang has abundant coal supplies but power plants in the three northeastern provinces of Heilongjiang, Liaoning and Jilin still face some tightness, General Manager Chen Feihu said in a email reply to Reuters during a question and answer session as part of China’s 19th Communist Party Congress. “We have started scooping up coal for the winter period at a earlier date compared with last year especially for the northeastern regions. We will book more supplies […]