China may open up its borders to seaborne coal and set price ceiling for Chinese coal in an attempt to cool domestic coal prices, according to a meeting note seen by S&P Global Platts Dec. 15 that took place between China’s National Development and Reform Commission, or NDRC and eight state-owned Chinese utilities on Dec. 12. Receive daily email alerts, subscriber notes & personalize your experience. Register Now NDRC was in discussion with Zhengzhou Commodities Exchange to implement measures to limit excessive fluctuations in futures prices, the meeting note said and confirmed by a source close to the matters. January futures prices in Zhengzhou Commodities Exchange dropped to Yuan 719.20/mt ($109.73/mt) FOB Dec. 15, after jumping to Yuan 753/mt FOB ($115/mt) for 5,500 kcal/kg NAR […]