When will the price limit of 640 yuan/ton be effective?

On weekends, the market is very unstable

The Development and Reform Commission requires that the purchase price of thermal coal shall not exceed 640 yuan/ton!

As early as December 1, today's think tank predicted that the National Development and Reform Commission may introduce new policies before and after the National Coal Trade Fair (see "Adding 20 million tons of imported coal, when will it be used?")

According to today’s think tank China Coal Big Data, on December 14, the price of Fengkuang thermal coal was 655 yuan/ton for Qingang 5500, which was 2 yuan higher than yesterday; Qingang 5000 price was 598 yuan/ton, which was also yesterday.

I need to say here that the current meeting information is about the National Development and Reform Commission's requirement that power companies' coal purchase prices should not exceed 640 yuan/ton.

Qingang coal price will be less than 640 yuan / ton, it is expected that it will take another week

The information from the meeting also required ZCE to curb fluctuations in thermal coal futures and further liberalize imported coal from power plants.

These measures will quickly affect futures prices, but it is difficult for the spot market to have an immediate effect.