China coal prices hit record high as floods add to supply woes
The Hindu
Data released on Wednesday also showed coal imports rose to their highest this year last month as users scrambled to overcome supply constraints.
China's thermal coal prices surged to fresh record highs on Wednesday, October 13, 2021, as in key coal producing province Shanxi worsened a supply crunch, just as new efforts by Beijing to liberalise power prices boosted demand from power generators.
Data |
China, the world's largest coal consumer, has been grappling with a growing energy crisis brought on by shortages and record high prices for the fuel. The government has taken a range of steps to boost coal production and manage electricity demand at industrial plants, while power producers and other coal users have been ramping up imports.
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