China Keeps Up Pressure to Cut Coal Prices as Winter Looms
- Some coal mines in Shanxi lower prices to 900 yuan a ton
- Snowstorms hit northern regions, intensifying energy shortage
A worker sorts coal near a coal mine in Datong, Shanxi province.
Photographer: Noel Celis/AFP/Getty Images
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Beijing is maintaining pressure on coal miners to cut prices to keep a power crisis at bay as a burst of frigid weather provides a hint of the harsh winter that may be ahead.
Some coal mines in Shanxi province, the top producing region last year, have capped the price of 5,500-NAR grade coal at the pit-head to 900 yuan ($141) a ton, after being required to do so by the National Development and Reform Commission, according to traders and analysts who asked not to be identified as they aren’t authorized to speak publicly.