Business · Energy & Commodities · 12 hrs ago

China’s thermal coal prices reach a three-year high

China’s thermal coal prices reach a three-year high

Thermal coal prices in China have reached their highest level in three years.

The rise comes as growth in China’s coal production has been sluggish.

Supply has also been disrupted in Indonesia, a leading coal exporter.

An energy rally linked to the US-Iran war is adding to the pressure on prices.

These factors have coincided, leaving little relief in sight.

Higher coal prices matter because thermal coal is used to generate electricity.

No further developments or next steps are specified.

Sources

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