The National Development and Reform Commission will accelerate the establishment of a coal production and circulation cost investigation system to provide support for further improving the coal market price formation mechanism, it said on its official Wechat account on November 30.
The top economic planner, together with the Price Cost Investigation Center, had listened to the opinions and suggestions during a symposium with China National Coal Association and some major companies in the industry on establishing and improving the coal production and circulation cost investigation system.
The participating companies pointed out that the cost of coal production and circulation will be affected by various factors such as the difficulty of mining, technical level, safety and environmental protection investment, transportation conditions and other factors, and hoped the country to take comprehensive measures after cost investigation to guide coal prices within a reasonable range.
Earlier in late October, the NDRC sent several groups to major coal mines in key production provinces for better study of costs to define a rational coal price range.
(Writing by Emma Yang Editing by Alex Guo)
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