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Commodities

Asian spot fuel prices spike on Chinese demand, Australian strikes

China's tough regulations to wean country from coal are driving LNG costs up

A liquefied natural gas tanker moored at a thermal power station near Tokyo.   © Reuters

TOKYO -- Rising demand for fuel used to generate electricity is pushing up prices in the Asian spot market, with liquefied natural gas and thermal coal trading 70% and 30% higher than their year-to-date lows, respectively.

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