• Skip to main content

    CRU

    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?

    CRU Americas

    Read more from CRU Americas

    Latest in CRU

    CRU: Global finished steel prices diverge, US the rare bright spot

    CRU: Global finished steel prices have diverged in August, with longs softening while sheet and plate firmed in most regions. Weak construction demand persisted across most longs markets, with the US the notable exception. Higher sheet prices were driven by tightening supply in the US and reduced import attractiveness in Europe, even as APAC sheet prices declined. Plate prices were mostly firmer across APAC, stable to down in Europe, and continued climbing in the US.