China’s coal supply situation has seen significant improvement with joint efforts from coal producers, logistics and downstream users, while coal prices have also stabilised, the state planner said. The most-traded January thermal coal futures contract on the Zhengzhou Commodity Exchange fell 9.26% to 925.2 yuan ($144.48) per tonne early on Monday. A slew of cooling measures announced by China has led the futures prices plunging more than 53% since its high of 1,982 yuan on Oct 19. read more The government has since July approved capacity expansions at hundreds of coal mines across the country amid a widespread power shortage partly due to insufficient supply, and has rolled out a raft of measures to tame runaway coal prices which soared nearly […]