Bloomberg reports that some Chinese regions are “at risk” of more power outages due to “virus curbs” and “weaker imports”. The outlet says that China’s coal imports “fell 24% on year” in the first quarter of 2022 and transport of the fuel has been “slowed” due to Covid-19 restrictions. Li Xuegang – vice president of the China Coal Transportation and Distribution Association – is quoted saying that “eight coastal provinces, including powerhouse Guangdong, are expected to see a growing shortfall of coal for industry and cooling needs”. Li added that China’s “push” for domestic miners to boost coal production has “reached its limits”, Bloomberg notes.

Guest post from Bloomberg