The most recently released data as of July 10th shows the daily coal burn rate at China’s six major coastal power plants has come in at 828,000 tons.  This is 2% stronger than was seen one week prior, marks the highest daily burn seen since January, and is up year-on-year by 3%.  This 3% year-on-year growth is lower than the 7% year-on-year growth seen a week ago.  Overall, the ongoing strengthening in coal burn remains very much in line with various coronavirus restrictions recently being eased across China and weather turning even warmer.  As we discussed last week, some regions continue to see temperatures at sixty-year highs.