The domestic price for thermal coal, which is used in power generation, is skyrocketing in China. Photo: Bloomberg
China economy
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
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China economy
The domestic price for thermal coal, which is used in power generation, is skyrocketing in China. Photo: Bloomberg