NCRC recently published three measures to improve the market mechanism of coal pricing. The NDRC notice emphasises:
- Direct coal prices to fluctuate within a reasonable range. From past experience, mid-long term coal prices at Qinhuangdao Port (5,500 kcal) at RMB 570~770/t (with taxes) is within a reasonable range. NDRC will work with relevant departments and take measures to guide and direct coal prices so that they fluctuate within this range.
- Work on the coal-power prices inter-transmission mechanism.
- Improve the coal price regulation mechanism.