Chinese mine safety authorities have issued flood precautions to coal producers as the country enters its rainy season. This is likely to curtail coal output further at a time when the prospect of tighter supplies during the high-demand summer season has pushed Beijing to repeatedly call for producers to raise output.
The flood precautions may derail efforts by Chinese premier Li Keqiang to encourage a production ramp-up in the face of looming shortages as the country grapples with rapidly rising summer consumption and difficulties in securing sufficient seaborne coal.
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