Chinau0027s daily coal output stabilises at 12 million tonnes, state planner says

BEIJING: China’s daily coal output has stabilised at 12 million tonnes, amid a raft of measures to ramp up power production, the country’s state planner said on Sunday (Nov 21). Beijing has been trying to cool a red-hot market for coal, China’s main fuel for power generation, after shortages led to electricity rationing for industry in many regions, adding to factory gate inflation in the world’s second-biggest economy. Coal stocks at ports and power plants have been picking up quickly, with stocks in power plants hitting 129 million tonnes as of Nov 14 and expected to hit 140 million tonnes…