China’s Coal Prices Climb to 2008 High; Producer Shares Rise

Bloomberg reported that coal prices for China’s benchmark power station are at their highest levels since October 2008 on high summer demand.

The market news is quoted as saying:

China’s power demand usually peaks in July to September, when high temperatures increase use of air-conditioners. The country’s summer electricity shortage may exceed its most severe in 2004, according to State Grid Corp. of China.

To read the full market news, click here.