Local coal is low grade and LNG mostly imported
Sucks to be running a factory in China.
The Christmas shipping should be about over. But it should take a while to clear out the backlog at the west coast ports.
A chunk of the problem is caused by the California war against the Hispanic truck drivers by banning them from working as independent contractors. Add in failure to modernize ports. Both problems, of course, are driven by the unions.
—— making up more than 66% of the country’s GDP have announced some form of power cuts in recent weeks,-—
It was announced that President Xi announced cuts in coal fired power generation to comply with strong requests to comply with the climate change urgings of the Euros and the Americans
Isn’t it a great world where you can speculate and make money off the misery of a shortage of shipping options? If it is happening anyway, just sayin’.