China probes into accusations of coal price gouging

Time:2022-08-08 16:08:56      Source:Xinhuanet.com
China's State Administration for Market Regulation has conducted investigations on activities of bidding up coal prices, the administration said Friday.
 
Three investigation teams have been sent to provincial-level regions of Shanxi, Inner Mongolia and Shaanxi, the country's major coal-producing regions, to advance regulations on coal price gouging.
 
After investigation, a total of 18 coal enterprises were suspected of driving up coal prices, and three trading centers were suspected of not adopting government pricing, the administration said.
 
The administration will continue to strengthen supervision over coal prices and guide the prices to operate within a reasonable range. 
Index RMB/t DoD Basis Date
Datong 5500 450 0 ex-mine 06-13
Shuozhou 5200 435 0 FOR 06-13
Ordos 5500 415 0 ex-mine 06-13
Yulin 6200 535 0 ex-mine 06-13
Liulin Low-sulphur 570 0 ex-mine 06-13
Gujiao Low-sulphur 1095 0 FOR 06-13
Xingtai Low-sulphur 1210 0 ex-Factory 06-13
Yangquan PCI 770 0 FOR 06-13
Index RMB/t WoW WoW% Date
Qinhuangdao 620.0 -38.0 -5.78 06-12
Caofeidian 528.0 -39.0 -6.88 06-12
Huanghua 178.3 -12.0 -6.31 06-12
Guangzhou 290.0 13.0 4.69 06-12
coastal 6PPs 1629.8 44.7 2.82 07-02
North Ports 2697.8 53.0 2.00 02-01
Yangtze River delta 1242.5 -74.7 -5.67 02-01
South Ports 2233.4 -216.0 -8.82 02-01
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