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China’s Coal Demand Gets Boost as Heatwave Lifts Aircon Use
Key Points
China’s Coal Demand Gets Boost as Heatwave Lifts Aircon Use China’s thermal coal prices are rebounding as a mild start to summer finally gives way to hotter weather, boosting air-conditioner usage and power demand. Spot prices in Qinhuangdao reached 822 yuan ($821) a ton on Monday, paring a 7% decline earlier in the month that saw them fall to a low of 797 yuan a ton on July 13, according China Coal Resource. Prices could rise further as intense heat grips much of the nation, according to...
China’s Coal Demand Gets Boost as Heatwave Lifts Aircon Use
China’s thermal coal prices are rebounding as a mild start to summer finally gives way to hotter weather, boosting air-conditioner usage and power demand.
Spot prices in Qinhuangdao reached 822 yuan ($821) a ton on Monday, paring a 7% decline earlier in the month that saw them fall to a low of 797 yuan a ton on July 13, according China Coal Resource. Prices could rise further as intense heat grips much of the nation, according to the China Coal Transportation and Distribution Association.