China’s state planner set benchmark price range for thermal coal to stabilize market
China’s state planner set benchmark price range for thermal coal to stabilize market

China’s state planner set benchmark price range for thermal coal to stabilize market

 

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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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