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China’s state planner has set a “reasonable” price range for thermal coal for medium- and long-term trading to prevent excess price volatility.
The National Development and Reform Commission (NDRC) said in a notice on Thursday that it had set the benchmark range for 5,500 kcal thermal coal at Qinghuangdao Port at 570-770 yuan per tonne for medium- and long-term supply contracts.
Long-term supply contracts usually refer to those signed by coal miners with downstream . . .
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