China’s Coal Prices Plummet After Regulators Step In

What’s new: Thermal coal spot and futures prices in China have plummeted since mid-October, a sign that government measures to cool the red-hot domestic market for the fuel are taking effect.

The most-active thermal coal futures contract on the Zhengzhou Commodity Exchange fell to 891.8 yuan ($139.40) a ton on Tuesday, extending a 10-day losing streak that has capped a 53% plunge since Oct. 19, when the price hit a record high of 1,982 yuan a ton.