Typhoon’s Devastation Brings Respite to China’s Coal Market

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Torrential rains are dousing Chinese coal prices as power consumption drops in flood-hit cities and industrial areas

this week, has affected the supply of China’s mainstay fuel but is wreaking even more havoc on demand. Factories have been forced to halt or curb production due to the disastrous weather, while lower temperatures have cut the amount of electricity required for air conditioning.

 

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