International Steel Mills
October 15, 2021
CRU: Power Cuts in China Will Persist Even as Coal Supply Improves
Written by CRU Americas
By CRU Senior Analyst Dimitry Popov and Analyst Wei Wang
In recent weeks, China has been experiencing the worst power shortages in decades. Various industries in 20 provinces have been affected and even residential customers had power cuts in the extreme cases. Increasing electricity demand, short coal supply and the decarbonization drive are three main causes of the power storage. What’s the impact of higher electricity prices in China? When will domestic coal prices in China decline? And for how long will power cuts continue?
