NHC new hope corporation limited
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more reliance on Coal, page-5

  1. manjapra
    439 Posts.
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    12/05/20
    17:03
    Post #: 44579366

    Coal Burned by China Power Plants Jumps on Heat, Virus Recovery

    Bloomberg News
    May 11, 2020, 5:30 AM EDTUpdated on May 11, 2020, 11:39 PM EDT
    • Coal use by utilities has risen 30% above year-ago levels
    • Thermal coal futures rebound from 3-year low to above 500 yuan

    An indicator of China’s coal demand surged almost a third above levels last year as hotter-than-usual weather and factories rushing to make up for lost orders boosted power demand, spurring a rebound in prices.

    Coal use by coastal power plants at five major utilities rose for an eighth day to 577,100 tons as of Monday, more than 30% higher than the same period last year and the most since Jan. 12, data from China Coal Transport & Distribution Association showed. The figure eased slightly to 562,300 tons Tuesday.




    NHC Price at posting: $1.40 Sentiment: Buy Disclosure: Held
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    lightbulb Created with Sketch.  Great analysis
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$4.08 		Change
0.250(6.53%) 		Mkt cap ! $3.440B
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