For thermal coal, it’s going to be a glorious winter and a poor spring, Yuan Talks:
Several regions in China are in the grip of a power crunch partly caused by short coal supplies and surging coal prices. Industry insiders say that policymakers’ efforts in boosting coal production in the past few months have so far failed to ease coal supply and the tight situation is unlikely to be reversed in the short term.
In southern China’s Guangdong province, the local economic planner said in a notice on Monday that the ongoing power shortage was mainly due to surging coal prices which dampen power plants’ production.
