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.
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