13.10.2021, 07:53
Steigende Energiepreise und Versorgungsengpässe in China, allerdings nur zum Teil bedingt durch eine steigende Nachfrage, sondern auch durch Umweltkatastrophen...
Schneemann
Zitat:Chinese coal prices hit record high and power cuts continuehttps://edition.cnn.com/2021/10/11/econo...index.html
Hong Kong (CNN Business) - Flooding in northern China is hitting a major coal production center hard, sending coal prices soaring and complicating efforts by Beijing to tackle ongoing power shortages.
Heavy rains have forced the closures of 60 coal mines in Shanxi province, China's largest coal mining hub, according to a statement released Saturday by the provincial government's Emergency Management Bureau. The province is home to a quarter of the country's coal production.
The price of thermal coal futures, which is primarily used to generate power, surged to all-time highs Monday on the Zhengzhou Commodity Exchange — up as much as 12% to 1,408 yuan ($219) per metric ton. The price has more than doubled so far this year. Coal is the main source of energy in China and is widely used for heating, power generation, and steelmaking. Last year, it made up nearly 60% of China's total energy use. [...] Energy shortages have spread to 20 Chinese provinces in recent weeks, forcing the government to ration electricity during peak hours and some factories to suspend production. That's hurt industrial output and is weighing on China's economic outlook. [...]
The agency added that overall power consumption from January to August grew 14% compared to the same time last year. But renewable energy sources, such as hydropower, have been hobbled by drought in recent months. "China's electricity cuts will add to economic stresses, weighing on GDP growth for 2022," Moody's analysts said in a Monday report. They added that the "risks to GDP forecasts could be larger as disruptions to production and supply chains feed through."
Schneemann