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Bloomberg reported that China’s struggle to control its pollution level is threatening the recovery of coal prices from the lowest level in almost nine years.
Bloomberg reported that China’s struggle to control its pollution level is threatening the recovery of coal prices from the lowest level in almost nine years.
As quoted in the market news,
Installations of new coal-fired power capacity in the world’s biggest polluter are set to halve as “cheap but dirty” plants get eliminated, according to Bloomberg New Energy Finance. Prices of China’s benchmark power-station coal have tumbled 59 percent from a peak in July 2008, and none of five analysts surveyed by Bloomberg predict a recovery.