Record-High Production And Rising Imports Depress Coal Prices In China
The price of coal in China is falling. The trend has been enabled by record-high production of the hydrocarbon fuel at home as well as rising imports. Per Bloomberg, this means that the winter is unlikely to bring with it power crunches like the ones seen in the past when shortages of fuel for power plants caused outages. Citing data from the China Coal Transport and Distribution Association, Bloomberg noted that coal power plant operators had replenished their stocks for the winter and demand has temporarily slowed. Читать дальше...