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SOURCE / ECONOMY By Global Times Published: Jan 03, 2021 02:08 PM
Photo taken on Dec. 22, 2020 shows a thermal coal yard of Huanghua Port in Cangzhou City, north China s Hebei Province. Huanghua Port, one of the key ports for thermal coal transportation in China, has stepped up its turnover rate since this December. A daily average of 500,000 tonnes of thermal coal is loaded to ships at the port now to quench the thirst for coal-fired power generation in southern parts of the country. (Xinhua/Wang Min)
Seven coal industry groups made a joint announcement on Sunday promising to stabilize coal market and try to control turbulent coal prices to ensure production safety and steady power supply, as coal prices continue to surge caused by rising winter demand, industry association reported.