China Coal Prices Rise to Four-Month High on Railway Repairs
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The price of power-station coal at Qinhuangdao, a Chinese benchmark, rose to a four-month high after railway maintenance cut supplies to the northern seaport.
Coal with an energy value of 5,500 kilocalories per kilogram gained 1.3 percent to 785 yuan ($120) to 800 yuan a metric ton as of today compared with a week earlier, according to data from the China Coal Transport and Distribution Association. That’s the highest since Dec. 13.