Some of China’s major coal producers have vowed to cap thermal coal prices this winter and next spring, after the government asked state-backed firms to ensure stable coal and power supply “regardless of costs”. China’s thermal coal prices have surged over 200% this year to record highs as mining safety inspections, anti-corruption probes and floods at major mining regions hurt supplies. read more China Energy Group and Shanxi Jinneng Holding Group (SJAMG.UL), the No.1 and No.8 coal miners by production in the country, have said they will drive up output and guide prices back to a “reasonable range”. They have vowed to keep spot prices of thermal coal with an energy content of 5,500 kilocalories delivered to Bohai Bay in northern China below […]