China is contemplating imposing a cap on the worth of thermal coal because it struggles to include excessive power prices forward of peak demand over the summer time, Bloomberg reported on Wednesday.
One concept beneath dialogue is to cap the worth at which miners promote coal, the report added, citing individuals conversant in the plan.
One other concept is to implement a restrict of 900 yuan ($141) or 930 yuan a ton on the benchmark worth on the port of Qinhuangdao, which might affect different markets nationwide, in line with the report. No last choice has been made on whether or not to undertake worth controls and the plans are topic to vary.
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