Coal stocks at northwestern European import terminals notched a five-week high on the back of slower withdrawals and increased vessel arrivals, media reported, citing port data released on November 28.

Inventories at four key terminals in the European ARA (Amsterdam, Rotterdam, and Antwerp) region accumulated 5.77 million tonnes, up 9% or 480,000 tonnes from the previous week and the highest level since the week starting October 23, according to Montel's estimates.

Dry bulk data service DBX expected ARA coal imports of all grades to reach approximately 2.5 million tonnes in November, slightly lower than 2.6 million tonnes in October.

However, deliveries observed an upswing, with a source at a major European import terminal forecasting a month-on-month rise in December intakes.

Furthermore, demand for the fuel in northern Europe was growing, with Denmark anticipated to bolster its imports next month.

Breaking down the ARA stock total, Rotterdam's EMO terminal reported unchanged stocks at 3.5 million tonnes compared to the previous week, while that at Amsterdam's OBA terminal rose 0.19 million tonnes to 1.68 million tonnes.

Inventories at Rotterdam's smaller EBS terminal slightly decreased to 0.94 million tonnes, while Ovet's Vlissingen terminal near Antwerp increased nearly 0.3 million tonnes to 0.5 million tonnes, predominantly consisting of 0.47 million tonnes of thermal coal.

(Writing by Riley Liang  Editing by Emma Yang)
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