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China Railway plans to set up national coal trading center in Qinhuangdao

Coal News - Published on Fri, 16 Nov 2018

Image Source: Caixin Global
Caixin Global reported that China Railway Investment Co. is planning to launch a national coal trading center at the northern port of Qinhuangdao in a move likely to increase the reliability of supplies and move heavily-polluting transport off the roads. The National Development and Reform Commission, China’s top economic planner, has long told rail and shipping companies to prioritize developing better coal transport capabilities in order to reduce frequent periods of inefficient supply.

The new trading center appears to be aimed at rationalizing both coal purchases and transportation across the country, analysts said. While a formal announcement has not yet been made, Caixin learned that China Railway is aiming to have the platform up and running by the end of the year.

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Posted By : Rabi Wangkhem on Fri, 16 Nov 2018
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