The price of thermal coal, used to fire power plants, has surged above the psychological $100 a tonne barrier for the first time in more than a year as the wave of cold weather exacerbates China's swing from exporter to importer.
“Desperation buying by Chinese utilities has caused the spot price to leap,” says Alan Heap, commodities analyst with Citigroup in Sydney.
The Chinese thermal coal market has tightened after heavy snow in northern China disrupted mining operations and railway transportation.
您已阅读15%（503字），剩余85%（2913字）包含更多重要信息，订阅以继续探索完整内容，并享受更多专属服务。