China’s coal price expected to be supported in short term, but still uncertain in long term
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Update time : 2022-09-02 20:22:08
This week, because of China’s inspection of work safety and the impact of Covid-19, some production and sales of the colliery were suspended. As a result, the coal supply was under pressure.
China’s coal supply was restricted by many factors. With high shipment costs and the shortage of coal supply, the coal prices will be supported in the short term. However, coal consumption at a power plant went down.
Also, downstream industries, such as chemical building materials, face low profits. As a result, the increasing coal price for the long term will still be uncertain.
