China power crisis: thermal coal inventory nears record low as country suffers worst outages in a decade

In past years, when the calendar turned to September, China’s power-generation groups set out to replenish their coal inventories ahead of the cold winter months.This year, coal is so scarce that they are struggling to merely keep the lights on. And some are failing even at that.As of September 21, the total stockpile of thermal coal – used to generate electricity – held by the nation’s six major power-generation groups stood at just 11.31 million tonnes – which is capable of meeting demand for…


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