China’s Epic Sandstorm Lifts the Price of Coal That Caused It
- Chongqing coal shortage leaves mega-city reliant on neighbor
- Beijing lags heavily on its two-year U.S. trade deal promises
Photographer: Kevin Frayer/Getty Images
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Chinese thermal coal prices rose a fourth day for a 13% gain this month, and they remain stubbornly above the 600 yuan ($92) a ton mark that in the past has prompted the state to step in.
They could go higher still as China’s worst sandstorm in a decade -- which may in part have been caused by coal mining -- tightens supply, and the authorities launch a new round of inspections at mines, said Bloomberg Intelligence.