This is not fresh news of course, but getting a prominent run in Caixin today.
In brief:
- Recently, many regions in China have imposed a new round of power rationing.
- Behind the power shortage are key precipitating factors: rising prices and tight supplies of thermal coal.
- The situation in Guangdong, a major foreign trade province, epitomizes the severe nationwide coal supply-demand imbalance. Currently, the thermal coal inventory for Guangdong remains at a historically low level.
There is plenty more at the link (may be gated)
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Earlier posts:
- China provincial governor says should import more coal to ease power shortages
- Chinese media says to expect a crackdown on high coal prices - citing power shortages, cuts to factory output
- China's State Grid pledges to take comprehensive measures to avoid power outages
- Goldman Sachs on why they slashed their estimates for China's economic growth
Coal imports from Australia have fallen ... to zero:
