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CHINA CALLS OFF COAL PRICE CONTROL MEASURES VS POWER FIRMS.
BEIJING, Jan 2 Asia Pulse - China's National Development and Reform Commission (NDRC) said here Friday that coal supply in 2006 will be enough to meet market demand, therefore the government will call off price control measures against power companies adopted at the end of last year.
The coal producers and power companies may negotiate the coal prices themselves, said the NDRC.
But the NDRC urged both sides should decide the price in a rational way. To prevent unexpected soaring coal prices under the new mechanism, the NDRC will also set up an emergent-reacting system to ensure the stable market.
China ...
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