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Analysts maintained grim outlook on China’s coal crunch

China’s

Prices catapulted to RMB1,829 (US$284.15) a tonne as at 18 October 2021 Power rationing turned out to be ineffective as China battled electricity crunch from cutting coal imports. Factories across the country were forced to suspend operations and disrupted global supply chains. Prices not easing up soon Though China implemented …

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China’s steel output showing signs of recovery

steel output

Despite production increase, related industries should not be happy just yet China steel output’s marginal increase though boded well for its construction and shipbuilding sector, the cashing in moment remains unclear. Marginal steel output increase A shortage of thermal coal-generated electricity supply accompanied with tightened consumption targets resulted in 18 …

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How a $1,000/MT Spread has Opened Up in Global LNG Bunker Prices

Image Credits: Ship & Bunker Repost: Vancouver’s LNG bunker prices have remained remarkably stable in the face of a global gas price surge. Shipowners with gas-powered tonnage calling at Vancouver in future could be able to avoid the global gas market spike that has seen LNG bunker prices at some …

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