China National Coal Group will supply a total 180 million mt of thermal coal to seven power utilities in the next five years starting from 2019, Reuters repoted. That comes after the company signed five-year supply contracts with the country’s top six utilities last month, part of Beijing’s push to ensure coal supplies at stable prices. The company said that coal prices will be adjusted every month on the basis of CNY 535 per metric ton ($77.58/mt). The seven utilities include Guangdong Yuedean Group Co, Jiangsu Guoxin Group, Shenzhen Energy Group , Zhejiang Energy Group and Greenland Energy Group.
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