by now, it should be clear you can’t believe anything in the MSM. they all subscribe to Reuters, so why aren’t they carrying this more interesting story?
14 June: Reuters: UPDATE 2-China’s coal output grows fastest in years in May on summer outlook
BEIJING, June 14 China’s coal production rose 12 percent in May from a year ago, its fastest pace of growth in years, as miners ramped up output ahead of an expected summer pick-up in demand, official data showed on Wednesday.
Coal output rose to 297.8 million tonnes in May, the National Bureau of Statistics data showed, slightly above April’s 295 million tonnes. For the year to date, coal production has risen 4.3 percent to 1.4 billion tonnes...
Strong Chinese demand has helped push up international thermal coal prices...
Prompt coal prices for cargoes from Australia’s Newcastle export terminal, which are seen as Asia’s benchmark, have shot up 18 percent since mid-May to $84 per tonne...
China’s domestic thermal coal prices have risen more than 16 percent this year, reaching record highs on Wednesday of 570.6 yuan ($83.94) per tonne. Open interest also hit a record on Tuesday, reflecting bullish sentiment...
As many of China’s major cities in north and southern regions brace for a warmer-than-usual June, coal consumption from the largest coal-fired power plants has picked up to provide power for airconditioners...
https://www.reuters.com/article/china-economy-output-coal-idUSL3N1JB1LM
That’s very interesting, thanks!