India is considering requiring power plants to resume blending imported coal with domestic coal for the first time since 2024 to ease coal supply tightness and reduce upward pressure on electricity prices. Supply strains have pushed monthly spot power prices to their highest since 2022. Traders say imported coal costs are likely to rise further on stronger global demand and higher freight: Indonesian coal is up about 20% since May, Russian coal +14% and South African coal +19%.

PBOC MPC met Sept. 19 (Q3, 114th meeting) and directed large banks to serve as the main providers of credit to the real economy, urged small banks to focus on core businesses and called for stronger bank capital. The committee said authorities will deploy and refine structural monetary-policy tools, intensify targeted financial support for expanding domestic demand, technological innovation, small and micro enterprises and construction of six major networks, and continue support for private-sector growth. It also stressed maintaining financial-market stability and advancing high-level two-way financial opening while improving risk-management and macroprudential capacity under greater openness.

花旗：將百事(PEP.O)目標價從145美元下調至142美元。