BEIJING: Some of China’s major coal producers have vowed to cap thermal coal prices this winter and next spring, after the government asked state-backed firms to ensure stable coal and power supply “ regardless of costs ”.... China’s thermal coal prices have surged over 200% this year to record highs as mining safety inspections, anti-corruption probes and floods at major mining regions hurt supplies. China Energy Group and Shanxi Jinneng Holding Group, the No.... 8 coal miners by production i

BEIJING: China’s coal supply situation has seen significant improvement with joint efforts from coal producers, logistics and downstream users, while coal prices have also stabilised, the state planner said. The most-traded January thermal coal futures contract on the Zhengzhou Commodity Exchange fell 9.26% to 925.2 yuan( US$ 144.48 or RM598.96) per tonne early yesterday.A slew of cooling measures announced by China has led the futures prices plunging more than 53% since its high of 1, 982 yuan(

A Honda Motor spokesperson said there was no impact on production at this time.... Guangdong received about only about 40 per cent as much precipitation from January to early April as in the same period last year, while the average temperature was 2.2 degrees Celsius higher, local media reported. Low coal inventories--an effect of rising prices--are also taking a toll.... Domestic coal prices stood at 878 yuan( USD 136) per ton in early June, up roughly 70 per cent on the year, based on 5, 500

ON July 1, Prime Minister Imran Khan absented himself from a high-level national security briefing to address an even more crucial threat facing Pakistan — food insecurity.... While focusing on how to improve agricultural yields, he also raised the challenge of providing food to our large population.... Child malnutrition, a national and international community priority, is also linked to inadequate birth spacing....

AS seaborne coal in Asia trades at, or near, record highs, there are early signs of demand destruction, especially among price-sensitive buyers such as India. While global seaborne coal volumes have been trending higher in recent months, the market is increasingly becoming split between those importers willing to pay the high prices, and those cutting back on the number of cargoes they are buying. The total volume of exports of all grades of coal worldwide for September is estimated at 122.8 mil