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Strategies & Market Trends : China Warehouse- More Than Crockery -- Ignore unavailable to you. Want to Upgrade?

To: RealMuLan who wrote (4027)	12/31/2004 3:39:51 PM
From: RealMuLan	Read Replies (1) \| Respond to of 6370

China to cap coal price rise at 8% for power generation in 2005 BEIJING : China's state economic planners have set an 8.0 percent ceiling on coal price rises for electric power generation in 2005 as energy demand continues to outpace supply. The National Development and Reform Commission (NDRC) announced the price restrictions at a national coal purchase meeting Wednesday in the eastern port of Qinhuangdao where long-term coal contracts are signed, the Economic Daily News reported. "Next year the coal market will remain relatively tight. We expect overall production to remain at about 2.0 billion tons as production increases remain restricted and mines are presently working at over-capacity," Ou Xinqian, deputy director of the NDRC, said in comments reported by the newspaper. "If coal prices rise too high next year, then the NDRC will step in." channelnewsasia.com