CHINA'S SOARING COAL DEMAND FUELS GLOBAL PRICE SURGE
https://media.zenfs.com/en/oilprice.com/ea8ac45efe235c4f54ede5e8d6e2cab1
✍️ Chinese coal prices have surged to multi-month highs due to increased thermal coal power generation and reduced domestic production.
👉 Chinese thermal coal power generation surged in October 👉 Domestic coal production fell amid government measures to curb oversupply 👉 Coal prices rose to multi-month highs 👉 Higher prices led to higher prices for key Indonesian and Australian thermal coal benchmarks 👉 China's coal production dropped by 2.3% in October from a year earlier
-- #ClydeRussell #LauriMyllyvirta #TsvetanaParaskova #Qinhuangdaoport #China #Indonesia #Australia #Finland #energy
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