China Coal Prices Hit Record High Amid Tight Supplies

Chinese street vendors and customers gather at a local market outside a state owned coal-fired power plant in Anhui Province, China, on June 14, 2017. Kevin Frayer/Getty Images

BEIJING—China coal prices hit a record high on Tuesday buoyed by a widening power crunch and cold weather despite Beijing’s efforts to bolster supply.

Thermal coal for January delivery, the most actively traded contract on the Zhengzhou Commodity Exchange, hit a record high of 1,982 yuan per ton.