Analysis: Severe Coal Supply-Demand Imbalance Challenges Winter Supply

Recently, many regions in China have imposed a new round of power rationing. Due to shortages, Guangdong province (Guangzhou) and the three provinces of Northeast China have intervened in power markets. Some regions have even rationed the supply of electricity, directly putting some lives at risk. Behind the power shortage are key precipitating factors: rising prices and tight supplies of thermal coal.