Stock market analytics, financial forecasts

Get the latest economic news from ForexMart, including updates on the financial market, central banks' policy announcements, financial indicators, and other relevant news which can have an impact on the industry.

Disclaimer:  Information provided here to retail and professional clients does not contain and should not be construed as containing investment advice or an investment recommendation or an offer or solicitation to engage in any transaction or strategy in financial instruments. Past performance is not a guarantee or prediction of future performance.

The energy crisis in China has hit the industrial sector


September, 30 2021
watermark Economic news

Amid the protracted energy crisis in China, small companies have begun to switch to diesel power generators or even stop working. In this regard, the Coal Industry Association expresses concerns about stocks ahead of winter.


Analysts note that China is facing the most severe energy crisis in recent years – power outages have affected a significant part of the country. Problems with electricity supplies caused by a jump in coal prices have been going on for the second week.


As you know, coal is the main source of electricity in China, and today its cost is kept near a record level amid a shortage of supply and strong demand from industrialists. Owners of many companies report that they are suffering unprecedented losses, and the official Purchasing managers Index (PMI) for China's manufacturing sector has fallen below 50 points for the first time since February 2020.


The Chinese Coal Industry Association warns of a low level of coal reserves at power plants and a possible shortage in the winter months, and asks companies to make every effort to increase supplies.


Feedback

ForexMart is authorized and regulated in various jurisdictions.

(Reg No.23071, IBC 2015) with a registered office at Shamrock Lodge, Murray Road, Kingstown, Saint Vincent and the Grenadines

Restricted Regions: the United States of America, North Korea, Sudan, Syria and some other regions.


© 2015-2024 Tradomart SV Ltd.
Top Top
Risk Warning:
Foreign exchange trading carries a high risk of losing money due to leverage and may not be suitable for all investors. Before deciding to invest your money, you should carefully consider all the features associated with Forex, as well as your investment objectives, level of experience, and risk tolerance.
Foreign exchange trading carries a high risk of losing money due to leverage and may not be suitable for all investors. Before deciding to invest your money, you should carefully consider all the features associated with Forex, as well as your investment objectives, level of experience, and risk tolerance.