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Thursday, 31 March 22
CHINA STATE PLANNER ASKS COAL INDEX PROVIDERS TO RECTIFY IRREGULARITIES - REUTERS
China’s state planner has asked some major coal price index providers to rectify “severe irregularities” it had identified in the work of some of them during a nearly half-year investigation.
 
The National Development and Reform Commission (NDRC) began a probe into 15 coal price index providers in October after prices hit record highs and disrupted production.
 
The NDRC said in a statement on Tuesday its investigation found that some index providers were not independent of the coal market and participated in trading, while other samples of pricing were not clear or thorough enough.
 
The regulator did not name the providers in the statement.
 
Other irregularities included using unreasonable formulas to compute prices, irregular naming of indices and a lack of verification of authenticity when reposting price information, the NDRC said.
 
It had issued conclusions to the 15 providers and requested those that seriously violated regulations to halt publication of the price index immediately and make corrections within a limited period.
 
The NDRC said it will also conduct assessments and investigations into price indexes of other key commodities and services in a timely manner.
Source: Reuters


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Recent News

Monday, 18 April 22
DEMAND FOR THERMAL COAL TO RISE DUE TO INCREASE IN ELECTRICITY DEMAND: INDIAN COAL MINISTRY - PTI
Coal block allocatees have a golden opportunity to augment production as the demand for thermal coal will rise due to an increase in electricity de ...


Tuesday, 05 April 22
INDONESIAN COAL PRICE REFERENCE HITS RECORD ABOVE $288
COALspot.com: Indonesian Coal Price Reference for April in a steep climb from March 2022.   As expected, Russia – Ukraine war dr ...


Thursday, 31 March 22
IMPORTED COAL PRICES TO JUMP 55% IN APR-JUN, IMPACT INDIAN FIRMS: ICRA - LIVEMINT
Supply disruption owing to the Russia-Ukraine conflict could push the price of imported coal by 45-55% in Q1FY23 compared to the previous quarter, ...


Thursday, 31 March 22
CHINA'S COAL OUTPUT SET FOR MODERATE GROWTH IN 2022 - INDUSTRY BODY - REUTERS
China is expected to see its coal output to grow further in 2022 after hitting a record last year, an industry body forecast on Wednesday, as the c ...


Tuesday, 29 March 22
MEMR OF INDONESIA HAS FIXED COAL PRICE AT US$ 90 PER TONNE FOR DOMESTIC INDUSTRIES EXCEPT SMELTER INDUSTRIES; FOR PLN USD 70 IS APPLICABLE
Minister of Energy and Mineral Resources (ESDM) Arifin Tasrif has set the selling price of coal for domestic, industrial except metal processing an ...


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