China's coal futures tumble after state planner pledged to take measures to ensure supply, forecast price drops

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China's coal futures and stocks of coal miners tumbled on Monday after the country's top economic planner pledged to ensure coal supply, including increasing coal imports and releasing coal reserves, and forecast coal prices to enter a downtrend in July.

China's most actively traded thermal coal futures contract on the Zhengzhou Commodity Exchange, for September delivery, tumbled more than 7 per cent to drop below 800 yuan per tonne, closing domestic trading session at 790.2 yuan per tonne. The most-traded coking coal futures contract fell more than 4 per cent. Shares of . . .

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