China's state planner urges coal firms to meet contractual obligations

News Image

By MG News | October 25, 2021 at 09:38 AM GMT+05:00

0:00

October 25, 2021: China's state planner on Monday said it has urged coal companies to strictly perform their contractual obligations as it continues to take measures to boost supplies and steady soaring prices.

China has been pushing coal miners to ramp up output and hiking imports so that power stations can rebuild stockpiles before the winter heating season, but analysts say shortages are likely to persist for at least another few months.

The National Development and Reform Commission (NDRC) said it will urge upstream and downstream coal companies to sign all mid-and long-term contracts for power and coal and "give full play to the medium and long-term coal contracts to stabilize the market".

It has also asked firms to strengthen credit supervision over medium- and long-term contracts for thermal coal, according to a statement on its WeChat account.

Reuters

Related News

Name Price/Vol %Chg/NChg
KSE100 133,370.15
344.25M
1.08%
1421.08
ALLSHR 83,081.15
914.93M
1.23%
1011.89
KSE30 40,705.30
139.76M
0.79%
317.54
KMI30 192,580.68
159.45M
0.63%
1203.85
KMIALLSHR 55,835.71
548.23M
1.16%
641.74
BKTi 36,317.17
36.80M
1.36%
488.93
OGTi 28,542.96
8.63M
0.34%
96.61
Symbol Bid/Ask High/Low
Name Last High/Low Chg/%Chg
BITCOIN FUTURES 108,625.00 110,525.00
107,840.00
-1790.00
-1.62%
BRENT CRUDE 69.62 69.94
67.22
1.32
1.93%
RICHARDS BAY COAL MONTHLY 97.50 0.00
0.00
2.90
3.07%
ROTTERDAM COAL MONTHLY 106.00 106.75
106.00
0.25
0.24%
USD RBD PALM OLEIN 998.50 998.50
998.50
0.00
0.00%
CRUDE OIL - WTI 67.99 68.32
65.40
0.99
1.48%
SUGAR #11 WORLD 16.25 16.46
16.07
-0.13
-0.79%

Chart of the Day


Latest News
July 07, 2025 at 05:30 PM GMT+05:00

CCP cracks down on anti-competitive practices in FY25


July 07, 2025 at 04:42 PM GMT+05:00

China opens BRICS Customs Centre to boost trade ties


July 07, 2025 at 04:39 PM GMT+05:00

SECP wraps up 1,761 proceedings in FY25



Top 5 things to watch in this week

Pakistan Stock Movers
Name Last Chg/%Chg
Name Last Chg/%Chg