China increases coal supplies to power plants to ease price rise

The Chinese government has stepped up efforts to raise coal stockpiles at power plants in an attempt to cool down thermal coal prices. China State Railway Corporation on 13 Feb had delivered more than 91,000 wagons of coal to power plants, hitting an all-time high. Coal stock at the country’s 363 power plants has reached 64.34 mnt, up 53% y-o-y.