China fixes energy, Europe breaks it

Monday 15 November 2021

The Chinese energy crisis is over. Coal output is surging:

The one thing that China has plenty of is coal and it’s digging it up at record pace. Inventories and demand are now approaching normal:

This is crashing Chinese coal prices for both thermal at $120:

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About the author

David Llewellyn-Smith is Chief Strategist at the MB Fund and MB Super. David is the founding publisher and editor of MacroBusiness and was the founding publisher and global economy editor of The Diplomat, the Asia Pacific's leading geo-politics and economics portal. He is also a former gold trader and economic commentator at The Sydney Morning Herald, The Age, the ABC and Business Spectator. He is the co-author of The Great Crash of 2008 with Ross Garnaut and was the editor of the second Garnaut Climate Change Review.