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This week, spot-market pricing moved further away from a single high-temperature-driven pattern toward a combination of regional load differences, actual renewable output, day-ahead forecast deviations and fuel costs. Persistent heat continued to support demand in southern markets, while weakening northern load meant that prices in Shandong, Inner Mongolia, Shanxi and Shaanxi became more sensitive to wind and solar output, interprovincial trading and real-time system conditions.

Under the combined influence of high-temperature demand, renewable output and fuel costs, provincial spot markets showed increasingly divergent trends during the week, with price centres moving higher in Shandong, Guangdong and Jiangsu, but lower in Inner Mongolia and Shaanxi. Shanxi, meanwhile, recorded weaker day-ahead prices but a marked rise in intraday prices toward the end of the week.