Coal news and updates

Coal prices have rallied in the past week as strong demand for the power-station fuel, particularly from China, exceeded supply, with coal futures shooting up to multi-year highs of above $170 a tonne.

 

Coal futures at US ICE stood at around $172 per tonne today, 18 August – more than double January’s level of around $85 per tonne. 

 

A heatwave in Zhejiang, Jiangsu and Guangdong, China’s biggest industrial provinces, and a rebound in industrial output have pushed demand higher despite the government’s pledge to cut carbon emissions, Tradingeconomics.com reported. Warmer weather also boosted demand in Japan, South Korea and the United States. 

 

Source: https://capital.com