China’s NDRC proposes to introduce new benchmark coal price for miners: Sources

China’s NDRC is proposing to introduce a new benchmark price for miners. It is considering setting RMB 440/t ($68.80/t) for 5500 NAR grade domestic coal as the benchmark, tax included out of mining gate. Producers offering coal will also be able to float the price up or down by 20% from the benchmark, equivalent to RMB 528/t or RMB 352/t.