China’s thermal coal recorded worst week in five months on government intervention

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China’s thermal coal futures notched their worst week in five months, after Beijing vowed intervention to boost supply and curb surging prices of the commodity.

The most-traded contract on Zhengzhou Commodity Exchange, for delivery in January, hit the lower daily trading limit of 14 per cent and settled at 1,408.4 yuan ($220) a tonne on Friday. That was nearly 30 per cent below a record high hit on Tuesday and down . . .

 

 

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