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08 Dec

China stipulates long-term coal contracts to stabilise prices

China’s National Development and Reform Commission (NDRC) has this week issued orders to China’s coal miners that they must increase the proportion of long-term contracts in an attempt to stabilise prices. Prices have surged due to central government mandates, however, and they have not responded to the NDRC’s call, Kallanish notes. The orders suggest that miners should offer at least 80% of their output as long-term contracts. They add that coal…
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