Coal Consumption Ticks Up
Gloria Van Rees
Coal consumption increased from a mid-September trough. Three out of 4 companies also saw silght increases with Huaneng power the lone company to decrease. However, the uptick in consumption comes at a time when reports are emerging of China is not renewing coal output restrictions and new construction within the coal sector to increase output. We believe that this will increase coal consumption with the expected seasonal shift from weather. Even as China outwardly works to increase liquid natural gas output and consumption, expect to see coal work to keep its crown. As has been said coal is king.