With the Chinese government’s intervention to stabilise coal prices, China’s 5500 NAR grade thermal coal rates at Qinhuangdao have corrected by RMB 300/t ($47/t) against prices on Monday morning at RMB 2,200/t ($344/t). The coal supply situation has improved in China with stockpiles at key power plants increasing to 16 days of use as on 21 Oct.
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