تواجه احتياطيات الطاقة الصينية اختبارًا حاسمًا حيث يقل إنتاج الفحم والغاز الطبيعي JUST WHEN يبدأ طلب التدفيء الشتوي. رغم امتلاك مخزونات وافرة ومصادر طاقة متنوعة، إلا أن تراجع التعدين في مقاطعة شانشي—which triggered by safety inspections following a deadly May explosion—has reduced coal output for six consecutive months. يظل الفحم عمود الgrid الطاقة powering نصف الكهرباء الوطنية.Natural gas output has also fallen, with Cnooc Ltd. reporting a 7% drop in second-quarter volumes due to maintenance at offshore fields. While current inventories remain healthy—coal stocks at major generators exceed the five-year average and gas storage is 80% full—Beijing’s long-standing buffer against global energy shocks is weakening. Renewables, nuclear, and milder weather forecasts offer partial relief, but sustained fossil fuel production is essential. Officials have urged mine restarts, yet September data shows no rebound. As seaborne coal and LNG prices hover near multiyear highs, China’s energy security hinges on restoring domestic output before winter peaks.
The article also notes broader commodity shifts: copper prices surge on tariff fears under Trump’s renewed term, oil fluctuates amid Middle East supply stability and diplomatic overtures, European power demand rises after years of decline, and an investor with Trump ties expands copper ventures in Armenia. Australia’s largest data-center project faces power shortages, underscoring infrastructure bottlenecks in AI expansion. Upcoming events include energy summits in Tokyo, London, and Hamburg, alongside earnings reports and inventory data.
المصدر: Bloomberg Markets · لخّصه HeadlinesBriefing