China authorities attempt to curb soaring coal prices, tight coal supplies expected next year

 

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China’s top economic planer has attempted to cap surging coal prices as it seeks to shore up supplies to the country's power stations amid tightening imports.

The National Development and Reform Commission (NDRC) stipulated that coal purchase prices for power companies should not exceed 640 yuan ($97.7) per ton after summoning people from the country’s 10 leading power companies to a meeting on Saturday.

NDRC will investigate the origins of coal purchases if prices go above the cap, and require companies to file a report. The economic planner also said major . . .

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