China Thermal Coal Rebounds to 822 Yuan a Ton as Heatwave Lifts Power Demand
Updated
Updated · Bloomberg · Jul 30
China Thermal Coal Rebounds to 822 Yuan a Ton as Heatwave Lifts Power Demand
2 articles · Updated · Bloomberg · Jul 30
Summary
Qinhuangdao spot thermal coal reached 822 yuan a ton on Monday, rebounding as hotter weather across China lifted electricity use.
Air-conditioner demand is driving the move after a mild start to summer, with the price recovery trimming this month’s earlier 7% slide.
China Coal Resource said prices had fallen to 797 yuan a ton on July 13 before turning higher, while the China Coal Transportation and Distribution Association expects further gains if intense heat persists.