Utilities boost China domestic coal demand

摘要

Singapore—As utility companies in China are running out of 2020 thermal coal import quotas, there is a shift towards domestic coal to cover their upcoming summer requirements, which in turn has boosted local prices, industry sources said June 10. Chinese coal prices rose to Yuan 558/mt [$78.90/mt] FOB Qinhuangdao on June 10 from Yuan 543/mt [$76.91/mt] FOB on June 2, as many utilities have increased consumption of domestic coal either through their existing long-term contracts or from the spot market, sources in the country said.