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New UserChina's utilities face rising H2 coal bill as mine safety checks crimp supply
03 Aug 2021
CHINA'S coal buyers are bracing for prices to rise in the second half of the year, from already near-record levels, as Beijing's drive to boost domestic mine safety cuts into local output even as booming imports may be reaching their natural limits.
Beijing is striving to strike a balance between increasing supplies to cool record prices that have squeezed its coal-reliant utilities while improving mine safety.
In July, local media reported more than 20 mines in major coal hub Shaanxi province were shut for safety checks after a flooding accident.
Source : https://www.businesstimes.com.sg/energy-commodities