China’s state-owned power provider announced Sunday that power supply and demand in its service areas have returned to normal and rolling blackouts have decreased. Thermal coal futures on the Zhengzhou Commodity Exchange have been halved in the last few weeks, allowing state energy firms to purchase coal at lower prices. Even though SGCC is normalizing its grid, power to energy-intensive industries remains limited. The largest Chinese Power Grid Company, State Grid Corporation of China (SGCC), announced Sunday that power supply and demand in its service areas have returned to normal and rolling blackouts have decreased, according to state news agency Xinhua . SGCC’s power grid reaches more than 1.1 billion people over 88% of China’s territory. It said thermal coal inventories rebounded to 99.3 million tons, and the available days of inventory now stand at 20. Increasing inventories come as Beijing imposed price controls on coal. Just last month, […]