China’s coal futures prices saw their biggest fall in more than five years after the powerful state planner said there is still room to adjust coal prices after recent investigations of producers. “Initial results showed coal production costs are significantly lower than current spot coal prices,” the National Development and Reform Commission said in a statement. The most-traded thermal coal futures contract on the Zhengzhou Commodity Exchange fell its maximum limit of 10% on Friday and closed down 8.64% at 973 yuan ($152.24) per tonne. It was down 27.6% for the week, the biggest weekly decline since September 2016. The contract has fallen more than half from its record high of 1,982 yuan on Oct 19. It is up more than 80% this year. China spot and futures thermal coal prices On Friday, the environment ministry said it would take steps to cut the […]