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China’s coal prices pushed toward record level as electricity consumption soars amid rising temperatures

Summary:
[unable to retrieve full-text content]A heatwave across some of China’s biggest industrial provinces has pushed local electricity consumption to unprecedented levels, sending thermal coal futures toward record highs.The power load in the eastern province of Zhejiang near Shanghai surpassed 100 million kilowatt-hour on Tuesday for the first time, the State Grid said in its newspaper.Usage has also hit records in nearby Jiangsu and the southern region of Guangdong, where temperatures have reached as high as 37 degrees Celsius (99…

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[unable to retrieve full-text content]
A heatwave across some of China’s biggest industrial provinces has pushed local electricity consumption to unprecedented levels, sending thermal coal futures toward record highs.The power load in the eastern province of Zhejiang near Shanghai surpassed 100 million kilowatt-hour on Tuesday for the first time, the State Grid said in its newspaper.Usage has also hit records in nearby Jiangsu and the southern region of Guangdong, where temperatures have reached as high as 37 degrees Celsius (99…

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