APMDC Suliyari Coal Upcoming MP MSME auction for 1,65,000 MT @SBP INR 2516/- Per MT on 3rd June , & Pan India MSME on 4th June for 2,82,000 MT@ SBP INR 2516/- Per MT

Login Register Contact Us
Welcome to Linkage e-Auctions Welcome to Coal Trading Portal

Coal news and updates

It’s Terribly Hot in China, But Coal Prices Still Have Room to Fall

08 Jun 2023

 

Despite scorching heat boosting power demand as fans and air conditioners get switched on, Chinese coal hasn’t been this cheap in over two years — and it could get even cheaper. 

The fuel used by power plants dropped this week to 772 yuan ($108) a ton at the port of Qinhuangdou, its lowest since April 2021. The latest figures on supply show domestic production running nearly 5% ahead of last year, while imports have risen a whopping 90%. Indicators, from elevated inventories to a contraction in manufacturing activity, all point to souring demand as China’s economic recovery stalls.