The domestic price for thermal coal, which is used in power generation, is skyrocketing in China. Photo: Bloomberg
China reassures public of ‘balanced’ coal supply for winter as provinces cut back power to factories
- Strong winter demand, buoyant industrial activity and import restrictions have caused coal prices to skyrocket in China
- Beijing says there is sufficient supply for winter, but some provincial governments have started curbing electricity use
The domestic price for thermal coal, which is used in power generation, is skyrocketing in China. Photo: Bloomberg
