After sharp rise last week amid weak portside stock, thermal coal futures in China eased as domestic 5500 kcal/kg NAR prices are at RMB 815/t ($124/t) on the Zhengzhou Commodity Exchange, down by $11/t w-o-w. The prices fell came amid lockdown restrictions in the country besides increased capacity in coal mining provinces. NDRC is set to deploy a price formation mechanism to restrict prices within a reasonable range.
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