China’s coal futures have closed every trading day this week at a record amid power shortages and blackouts across the country © Bloomberg Chinese coal futures are on track for their biggest weekly rise on record, driven by a worsening energy crisis that threatens to pile further pressure on the country’s property developers as they grapple with looming debt payments. Thermal coal futures traded on the Zhengzhou Commodity Exchange rose more than 5 per cent on Friday to Rmb1,647 ($256) a tonne, taking them more than 30 per cent higher over the past five sessions and marking the biggest weekly gain since they began trading in Zhengzhou in 2013. China’s coal futures have closed every trading day this week at a record . The rally comes amid a mounting energy crisis in China, where coal-fired power accounts for about 70 per cent of electricity generation. A drive to close […]