Chinese coal futures have lost nearly half of their value in the past seven days The artificial 440 yuan price target will apply to term supplies from coal mines to key users like power plants in order to ease generators’ cash flow tightness and help boost electricity output, Coal miners such as China Shenhua Energy and Yanzhou Coal Mining tumbled in trading in Hong Kong on Wednesda Having soared to an all time high as recently as one week ago, Chinese coal futures have lost nearly half of their value in the past seven days in a sequence of limit down days as Beijing unleashed its latest crackdown on a commodity it felt was mispriced despite urging energy firms to ” secure supplies at any price ” less than a month ago. There is, of course a perfectly simple, non-market driven reason for the plunge in prices: China ruthless […]