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Commodities

Coal prices stay high in Asia as Australian industry consolidates

Spot prices up around 30% from this year's low as China seeks new supply

Reorganization in Australia's coal mining industry, alongside persistent demand from China, is putting upward pressure on coal prices.

TOKYO -- Prices of thermal coal used in electric power generation have been riding high in Asia, with spot prices for benchmark Australian coal recently quoted around $95 per ton -- 30% above the 2017 low set in May.

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