Men stand by a car near a coal-fired power plant in Shanghai

Photo: Reuters

China Govt Plans Intervention To Ease Power Crunch

China's thermal coal future sank about 13 %, extending the losses. The government plans to intervene and reduce the surging prices of the commodity to help the electricity producers in the widespread power crunch. Moreover, the country's security regulator has asked future exchanges to raise fees, restrict trading quotas, and crack down on speculation in response to high coal prices.

Fri, 22 Oct 2021 - 06:58 PM / by SAM RAHUL RAJA…

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