[debono]

China is making effort to tame the coal price.  This is good news.  The market is presently feeling the pressure.  It is also time for the market to make a correction after coal price has risen more than 2.5 times in a short span of one year. 

Correctly speaking,  the slowing world economy caused by the Pandemic should cause a reduction in coal and energy demand.  Clearly,  this present increase in coal and energy prices started from the time China embargoed Australian coal. 

The commodity price has always been governed by supply and demand.  Any monetary or inflation effort will not suppress the price for long.      Unfortunately,  this rise in coal price has caused also oil and gas prices to increase,  affecting many electricity consumers all over the World.

It is hoped that China can take a friendlier approach and take the corrective step to resolve this present energy crisis.

Many of China's electricity supply are obtained by coal-fired generating stations.  Therefore with the lack of coal, many of these generating stations are unable to supply electricity to their many factories and residential premises.  Fortunately, the electricity from three gorges hydroelectric stations are able to supply Giga watts to some parts of China. China is also trying to reduce it's carbon footprints, by relying on oil-fired generating stations.  Perhaps China should consider the use of wind mill farms, solar power and nuclear power to feed it's ever expanding industries. With these methods of producing electrical energy, it is best to use renewable energy to make the  world a "greener" planet....