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More control over coal prices

China’s central government wants to regulate the currently soaring prices for coal more closely. The National Development and Reform Commission plans the introduction of a mechanism to prevent the price of coal from fluctuating too much. Accordingly, there is to be a reference price and a certain margin that the price may fluctuate around the reference price. The government is looking at the profitability and costs of coal producers to develop the mechanism, Reuters reports.

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