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Chinese coal output drops, prices rise
Coal production in China decreased by 6.8% in September, reaching 385 million tons, due to safety measures following the Shanxi mine accident. This has raised concerns about a potential supply shortage before the winter heating season. Consequently, coal prices have surged to their highest level in three years, with warnings of a supply deficit ranging from 71 million to 100 million tons over the next two years if demand and energy source transition measures continue. However, the authorities have ruled out the possibility of a widespread crisis.
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