Inform
China’s NDRC takes steps again to stabilise thermal coal prices
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Report summary
On 18 May, China’s official news agency Xinhua reported that the National Development and Reform Commission was taking new action to rein in rising thermal coal prices. Among the nine measures to bring prices back down to the ‘reasonable’ range between RMB500/t and RMB570/t, the NDRC is improving rail links, getting tougher on speculation and encouraging miners in Shanxi, Shaanxi and Inner Mongolia to boost daily output. In this Inform, we consider the implications of these new measures, the challenges they may face and how thermal coal imports will be affected.
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