China Plans to Cap Key Coal Price to Ease an Energy Crisis

China plans to cap the prices of thermal coal sold by mining companies as part of efforts to ease the country’s energy crisis, which has led to periodic blackouts in many parts of China.

The National Development and Reform Commission, the country’s top economic body, aims to set the price of 5500-NAR coal in China at 440 yuan ($69) per ton Sources said.

This plan, which will last until May 1 of next year, needs the approval of the State Council and the Chinese government, and it may be modified, according to the sources.

The National Development and Reform Commission also wants to control the selling prices of coal from the mines, although it will be left to Chinese local governments to set standards that will limit the rise in coal trading prices locally.

Coal importing companies will also receive government support to compensate for their losses as a result of selling imported coal at less than its import prices.


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Arab Iron and Steel Union ( AISU ) was established in Algeria in 1971 as the first Arab union of Arab countries to be established under the umbrella of the Council of Economic Unity in the League of Arab States.

AISU is a non-governmental organization of a private nature, not of a political or commercial nature.

AISU works in the field of preparing studies, organizing courses and holding periodic conferences for the prosperity of the Arab iron and steel industry. The union includes a wide range of companies with multiple activities related to the iron and steel industry.

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