China is looking to put soaring coal prices under control by starting an investigation into the market and coal prices to prevent speculation and hoarding of supply. Chinese state planner, the National Development and Reform Commission (NDRC), and the state market regulator have announced a probe into the coal prices in the world’s largest energy consumer, according to a statement from NDRC carried by Reuters.
The Chinese authorities will “check abnormal trading and speculation, as well as crack down on hoarding and driving up prices,”…China Looks To Crack Down On Speculation As Coal Prices Break Records
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