China's NDRC working on reasonable coal pricing scheme

China's National Development and Reform Commission (NDRC) is working on a reasonable coal pricing scheme based on its thorough study of the domestic coal production cost, average market price, price spreads, average profitability and the reasonable margins, the commission shared in a WeChat post on October 26.

The initiative was in reaction to the loud public complaints on irrationally surges in coal prices recently, it explained, and this was also the follow-up action after its earlier statement on October 19 that it would intervene in coal price as it is of strategic importance as an energy