China’s rebounding coal price set to fall after Communist Party centenary celebration, says top economic planner

//China’s rebounding coal price set to fall after Communist Party centenary celebration, says top economic planner

China’s rebounding coal price set to fall after Communist Party centenary celebration, says top economic planner

Rising hydro and solar power output, together with higher coal production and imports, are expected to result in a “relatively large” decline in China’s coal prices next month, according to the nation’s top economic planner.“We believe coal demand and supply are largely in balance, and the market fundamentals do not support any major price hikes,” Xinhua quoted an unnamed spokesperson for the National Development and Reform Commission (NDRC) as saying on Saturday.“As summary hydro, solar power…

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By | 2021-06-27T13:54:52+00:00 June 27th, 2021|Business|Comments Off on China’s rebounding coal price set to fall after Communist Party centenary celebration, says top economic planner