Even the Dirtiest Coal Is Surging Due to China’s Power Crunch
- Prices for an Indonesian lignite variety are at record levels
- China’s crisis raising concern about jump in carbon emissions
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China is paying the most on record for the dirtiest type of coal, showing how the power crisis is turbo-charging Asian energy markets.
The price of a variety of lignite coal from Indonesia surged to $110 to $120 a ton this week due to rising demand from China and falling production from mines in Kalimantan, said traders who buy and sell the grade. That’s up from last year when some shipments sold for as little as $20 to $25 per ton.