China’s state planner NDRC has set a price guidance for 5500 NAR grade coal at RMB 570-770/t ($90-122/t) at Qinhuangdao port for medium- and long-term contracts. This came as domestic output picked up to meet the country’s rising power demand. Earlier the government had mandated to bring down coal prices below RMB 900/t ($143/t). Following the announcement, coal prices posted their biggest daily loss in three months on 25 Feb’22.
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