The move comes as Beijing strives to balance the profits of coal miners and power generators after widespread electricity outages and runaway coal prices last year.
China’s top economic planner said that it will further improve the market pricing mechanism for coal, following a series of measures to stabilize the prices of iron ore and other commodities that have huge weigh on China’s economic operations, amid already-surging prices and growing international uncertainties. The National Development and Reform Commission (NDRC) issued a .
China’s top economic planner is moving to improve the price formation mechanism in the coal market to guide price movements within a reasonable range as the country seeks to ensure stable energy supplies. In a circular released Thursday, the National Development and Reform Commission (NDRC) put the relatively reasonable range for the medium and long-term .
China has set a “reasonable” price range for the benchmark 5,500 kcal thermal coal at Qinghuangdao Port for medium- and long-term trading at 570-770 yuan ($86.98-$121.77) a tonne, the country’s state planner said on Thursday. The move comes as Beijing strives to balance the profits of coal miners and power generators after widespread electricity outages .
China s top economic regulator has released a new document to further improve the market-oriented coal price formation mechanism in its latest move to ensure stable supplies and prices.