• SHARE

China’s thermal coal prices surged to fresh record highs Wednesday as recent floods in a key coal producing province worsened a supply crunch, just as new efforts by Beijing to liberalize power prices boosted demand from power generators.

China, the world’s largest coal consumer, has been grappling with a growing energy crisis brought on by shortages and record high prices for the fuel. The government has taken a range of steps to boost coal production and manage electricity demand at industrial plants, while power producers and other coal users have been ramping up imports.

In a time of both misinformation and too much information, quality journalism is more crucial than ever.
By subscribing, you can help us get the story right.

SUBSCRIBE NOW

PHOTO GALLERY (CLICK TO ENLARGE)