NDRC: to strengthen punishment on malicious hype about coal

The National Development and Reform Commission (NDRC) announced on Aug 26 on its official website that regarding to recent news about coal price rise that released by Yulin Coal Trading Center, the Leading Group for Ensuring the Stable Operation of the Market of Yulin City, Shaanxi Province decides to carry out a special investigation within the city. The Group will verify the contents released by the Trading Center, interview the main person in charge of the Trading Center, and impose punishment on the the malicious hype about coal. With the peak demand season in summer coming to an end, tight supply of coal in China has relieved significantly. Some institutions and Wechat public accounts are still maliciously speculating about coal price increase, and some coal mines continue to hike prices unreasonably, causing serious interference to the work of maintaining coal supply and price stability. The National Development and Reform Commission will strengthen monitoring, and investigate and deal with illegal acts such as malicious speculation and price hikes in accordance with laws and regulations.