China’s Scrambled Weather and Safety Scrutiny Tilt Coal Higher

Chinese coal prices are creeping higher as the weather becomes more unpredictable and the government expands its supervision of mines in a bid to prevent accidents and curb overproduction. Although the market for China’s mainstay fuel remains weak by historical standards, official scrutiny has introduced a new prop for prices. “The government’s ‘anti-involution’ drive to cut overcapacity with measures like safety checks could become the norm,” Bloomberg Intelligence said in a note. Most Read from Bloomb ...