China: Thermal coal futures trading volumes at ZCE fall drastically

With China’s economic planner NDRC raising scrutiny on coal prices, trading activity for thermal coal futures on China’s Zhengzhou Commodity Exchange (ZCE) has almost come to a halt. Prices had risen by RMB 12/t w-o-w to RMB 841/t ($125/t). Turnover on the exchange has reduced drastically to a mere 27 lots recorded on 16 May’22 as against 1 mnt earlier.