Insight
China's power outages reflect coal's resurgence in 2021
*Please note that this report only includes an Excel data file if this is indicated in "What's included" below
Report summary
Since early September, China has implemented wide-scale power cuts focused on energy-intensive industries, causing major disruptions in domestic and global supply chains. The stated aim of these actions by provincial governments is to help meet energy demand and intensity targets set by the central government for the third quarter. But, the more direct cause has been soaring thermal coal prices which raced up to RMB1500/tonne (US$230/tonne) since August, 156% higher than a year earlier. In the last two weeks of September, outages hit up to 20% of demand in key provinces like coastal Jiangsu. On 1 October, the central government has come out against such intense cuts and supported growth in the coal supply. We expect moderation in outages in October, but managed demand shedding will continue impacting up to 5% of power demand through year-end and perhaps longer if thermal coal prices remain high.
Table of contents
- No table of contents specified
Tables and charts
No table or charts specified
What's included
This report contains:
Other reports you may be interested in
Asset Report
Qulong copper mine project
A description of the Qulong copper project
$2,250
Asset Report
Varanus Island
The Varanus Island Hub is collection of offshore oil and gas fields supplying the Western Australian domestic gas market.
$3,720
Asset Report
Yunnan Shenhuo aluminium smelter
A summary note of the Yunnan Shenhuo aluminium smelter.
$2,250
