7 days ago
Chinese Thermal Coal Hits 5-Month High on Heat and Disruptions
Power plant coal prices in China have risen to the highest level since March, as downpours in mining areas disrupt output and scorching heat in cities boosts cooling demand for the fuel.
Spot prices in Qinhuangdao, the country's benchmark, rose to 678 yuan ($94) a ton this week, the highest since March 17, according to China Coal Resource. Prices are up 11% since their four-year trough in June, which was hit after record output in the first half of the year lifted inventories, and the expanded use of renewables caused generators to burn less coal.
