China’s ‘Blue Sky’ Efforts May Ease Energy Crunch and Coal Rally
- Heavy industries set to ration output to control air pollution
- Thermal coal has rallied as lockdowns disrupt supplies
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Efforts by China to control air pollution by reining in industrial output could help ease an energy crunch and tame a bull run in thermal coal, according to the China Coal Transport and Distribution Association.
Thermal coal has rallied as Covid-19 lockdowns have disrupted the transportation of supplies. But the runup may lose steam as more industries start rationing output next month under Beijing’s “blue sky” campaigns, said Han Lei, a CCTD coal analyst on a Wednesday webcast.