Saturday, 27 Aug 2011
It is reported that China Guizhou, Chongqing, Sichuan, Yunnan and other southern regions incur persistent high temperatures as entering into August. The maximum temperature even beats the record high. As a result, Southwest China eyes tighter power supply which means more serious thermal coal requirement.
Less rainfall drags hydropower output down. The crumble of hydropower adds more strains to power plants. To make things even worse, the coal output declines for the recent integration. The local governments move forward the safety inspection of coal mines which curtails coal production.
Meteorological department forecast torrential rain will take place in the southwest next three days. By then the temperature will come down significantly which not only eases the drought but also the tight power supply. In the later phase, power shortage still exists in Southwest China and the robust thermal coal demand will bolster coal price in the near term.
(sourced from MySteel.net)
It is reported that China Guizhou, Chongqing, Sichuan, Yunnan and other southern regions incur persistent high temperatures as entering into August. The maximum temperature even beats the record high. As a result, Southwest China eyes tighter power supply which means more serious thermal coal requirement.
Less rainfall drags hydropower output down. The crumble of hydropower adds more strains to power plants. To make things even worse, the coal output declines for the recent integration. The local governments move forward the safety inspection of coal mines which curtails coal production.
Meteorological department forecast torrential rain will take place in the southwest next three days. By then the temperature will come down significantly which not only eases the drought but also the tight power supply. In the later phase, power shortage still exists in Southwest China and the robust thermal coal demand will bolster coal price in the near term.
(sourced from MySteel.net)
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