Recent supply disruptions in Indonesia and capacity cuts in China have tightened markets and caused a sharp rise in Asian coal prices, as reflected in Australia’s benchmark Newcastle futures contract.
China’s National Development and Reform Commission (NDRC) said it will act to stabilise rising coal prices, which it blamed on high temperatures over the summer and temporary logistical and transport problems. But it showed no sign of reversing coal capacity cuts.
Beijing wants coal production capacity to be cut by 250 mt this year, but it estimates...
- You have reached an article available exclusively to subscribers
- Stay informed with exclusive, accurate and up-to-date energy news, analysis and intelligence. Sign up for 7-day trial access to this and more premium content. It's free!
- Get a free trial Already a subscriber? Sign in
