Business Standard

China's coal rates slip after govt hints at further price regulation

China's thermal coal futures dropped 5.6% after the state economic planner signalled further regulations for prices

Fossil Fuel, Coal
Premium

Photo: Bloomberg

Reuters Beijing
China's thermal coal futures dropped 5.6% on Monday after the state economic planner signalled further regulations for prices of the dirty power-generation fuel.

The most-active Zhengzhou thermal coal futures contract, for January delivery, was 819.6 yuan ($128.31) a tonne as of 0147 GMT. It has lost more than 142% from a peak of 1,982 yuan a tonne in mid-October following a slew of government interventions to tame the red-hot prices.

The National Development and Reform Commission (NDRC) said on Monday that it has summoned key coal miners for advices on improving coal prices mechanism.

"After recent abnormal rise in coal prices, it is

Disclaimer: No Business Standard Journalist was involved in creation of this content

What you get on BS Premium?

  • Unlock 30+ premium stories daily hand-picked by our editors, across devices on browser and app.
  • Pick your 5 favourite companies, get a daily email with all news updates on them.
  • Full access to our intuitive epaper - clip, save, share articles from any device; newspaper archives from 2006.
  • Preferential invites to Business Standard events.
  • Curated newsletters on markets, personal finance, policy & politics, start-ups, technology, and more.
VIEW ALL FAQs

Need More Information - write to us at assist@bsmail.in