AI Summary

China's coal market is experiencing a surge in prices due to increased power demand driven by scorching heat waves across the country. The benchmark spot coal prices at the port of Qinhuangdao have rebounded from a recent slump, and are expected to continue rising in the coming weeks. This development is attributed to the peak season for coal-fired power consumption, which has yet to conclude. The implications of this trend are uncertain, but it is clear that China's coal market is being heavily influenced by the current heat wave and its impact on electricity demand.

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