Tag: NDRC
-

China: Global coal prices surge as NDRC seeks 100% supply via long-term contracts
This year, the Chinese state planner, the National Development and Reform Commission (NDRC), has sought 100% of coal consumption via long-term contracts in the country. Every year, to meet the increased coal demand for the peak winter months, NDRC urges market participants to sign long-term contracts for fuel supply. In 2019, it had urged medium-to…