China Seen Targeting ‘Comfortable’ Coal Price by Managing Miners

  • Output deal indicates ‘desired’ price 460 yuan a ton: UOB-Kay
  • Newcastle prices gained as much as 40% this year on China cuts

China is targeting a price range for thermal coal after output cuts led to a sharp increase in imports and prices, according to analysts from Citigroup Inc. and UOB-Kay Hian Ltd.

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