Coal Burned by China Power Plants Jumps on Heat, Virus Recovery
Bloomberg NewsMay 11, 2020, 5:30 AM EDTUpdated on May 11, 2020, 11:39 PM EDT
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.
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