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China thermal coal futures rebounded on Wednesday after falling for 10 days on an expected jump in fuel demand to meet heating needs amid forecasts for plunging temperatures. China’s National Meteorological Center is predicting snowfall in the north and cold winds in the next two days that are expected to cause temperatures over the weekend . ....
China’s new coal output rate, hiked this week in the teeth of an energy crunch, puts it on pace to produce more of the fuel this year than ever before if the increase is sustained, according to Reuters’ calculations based on official Beijing data. That record level, just under 4 billion tonnes if new production . ....
China's new coal output rate, hiked this week in the teeth of an energy crunch, puts it on pace to produce more of the fuel this year than ever before if the increase is sustained, according to Reuters' calculations based on official Beijing data. ....
China’s commodities markets slumped on Wednesday, led by sharp declines in thermal coal prices, after the state planner said it was looking at ways to intervene to cool record high prices of the fuel. Cheaper coal prices and boosting supply could ease China’s factory gate inflation, which hit record highs in September on the back . ....