China's top economic planners says the steel and coal industries advanced relatively in overcapacity reduction at the end of September. The National Development and Reform Commission says the figures will be verified and released soon.

Coal prices went up as production decreased, and this has boosted market confidence and eased deflation pressure. Electricity and steel supply appears to be tight. As it's time to store winter coal supplies, it's crucial to maintain supply while reducing overcapacity and keep the price in a reasonable range.

The NDRC says meetings will be held to analyse the current supply and demand situation of coal, and to provide targeted measures.