Reported 8 months ago
China has accumulated a surplus of coal, ensuring enough supply for the increased demand during the summer months. This surplus is part of Beijing's strategy to prevent shortages that have previously impacted the economy. Despite a sluggish economy and subdued prices due to tepid industrial demand and favorable weather conditions, coal inventories remain high with record-level imports and expected price fluctuations. Additionally, domestic coal production is expected to increase, and hydropower generation is strong, further stabilizing the market in the coming months.
Source: YAHOO