Domestic Chinese coal prices stabilize following policy change

摘要

Beijing’s decision to allow some larger, efficient minesin China to raise output has moderated price rises in the domestic thermal coal market and slowed demand for imported cargoes, saidmarket sources Tuesday.China’s central government gave its approval at a September 8meeting in Beijing for certain domestic coal mines to vary their productionin order to reduce upward pressure on Qinhuangdao spot prices.“It has stopped prices from increasing aggressively, but then supplyhas not come onto the market yet,” said a market source in China.