Inventories of coal in China are low for this time of the year. China’s main economic planning agency met this week to ensure that the country has enough supplies to meet the summer demands when the use of air-conditioning peaks.
“Prices for domestic coal have spiralled, but as imports are restricted by a quota system, inventories at more than a quarter of the country’s utilities can only last for a week’s consumption,” a report from brokers Lorentzen & Stemoco noted yesterday. https://splash247.com/asian-coal-tra…alian-products/