Energy Insider: Shaanxi City Scrutinizes Coal Pricing; State Energy Regulator Pushes Rooftop Solar Power

In today’s Caixin energy news wrap: The Yantian container terminal in Shenzhen resumes full operation after weeks of Covid disruption; China moves to include steel industry in the national carbon trading market; national energy regulator calls for more rooftop solar power

Mining city in Shaanxi tightens oversight of coal trading

Resources-rich Yulin city in northwest China’s Shaanxi province ordered all local coal mining companies to trade on a centralized online platform in a move to tighten supervision and stabilize prices. In a meeting with industry representative, the city government urged Yulin’s coal enterprises to strengthen self-regulation and vowed to punish companies that refuse to trade on the Yulin Power Chemical Trading Center platform. The move followed a recent surge in coal prices amid mine closures and rising demand. Some coal mining companies illegally increased prices through offline transactions that fell outside regulatory oversight, the Yulin government said in a statement.