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China Fires Up Coal Price Stabilization Plan

Elevated coal prices have brought big profits to coal producers, but caused massive losses at power companies. The state planner has called for the creation of mechanisms to better stabilize prices at times of gluts and shortages. Photo Visual China
Elevated coal prices have brought big profits to coal producers, but caused massive losses at power companies. The state planner has called for the creation of mechanisms to better stabilize prices at times of gluts and shortages. Photo Visual China

China’s state planner has called on coal miners and power producers to work more closely together to stabilize prices of the commodity, following wide gyrations over the last year caused by a sector cleanup.

Companies on both sides of the power-generation aisle should take three major steps to bring stability to coal prices, officials from the National Development and Reform Commission (NDRC) told market players during an industry conference this week in Hebei province.

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