China will further strengthen price capping policies to curb surging power coal price.

    According to the National Development and Reform Commission (NDRC), the temporary interference measures have exerted impact on coal price, slashing the exit price of Qinghuangdao power coal (5,500kcal/kg) by 40-50 yuan/ton by the end of July.

    Coal price kept falling in early August, with the lowest transaction price of 860 yuan/ton.

    By mid-August, NDRC had required major coal producing province sand regions to set the ex-mine coal price based on the ceiling price of the actual settlement on June 19.

    The ex-mine coal price of the Ningxia Hui Autonomous Region was set as high as 172 yuan/ton, and that of the Xinjiang Uygur Autonomous Region at 120 yuan/ton.