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This is part of China's policy to rein in imports in order to support its domestic coal industry. The government's target is to keep the domestic coal price in the range of RMB 500-570/t. The reference price for this determination is the Bohai-Rim Steam Coal Price Index (BSPI), a gauge of coal prices in northern China's major ports.

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China's power woes look set to intensify as coal prices rose to a record on Monday following data showing supply of the fuel fell in September …

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