China sets ‘reasonable’ price range for thermal coal, cites ‘lessons’ from recent power crunches

Feb 24, 2022 | INVESTING

China’s top economic planning agency has set a “reasonable” price range for thermal coal for medium- and long-term trading to stabilise supply and prevent excess price volatility, which were triggers for crippling power cuts last year.The National Development and Reform Commission (NDRC) said in a notice on Thursday it had set the benchmark for 5,500 kcal thermal coal at Qinghuangdao Port at 570-770 yuan (US$86.98-US$121.77).“Setting a price range does not mean that we are going back to…

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