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China Coal Ban May Boost Qinhuangdao Price, Fenwei Energy Says

China’s proposed ban on lower-quality coal imports is likely to boost domestic benchmark prices by as much as 8 percent as supplies drop, according to Fenwei Energy Consulting Corp.

Spot cargoes at the port of Qinhuangdao, a benchmark for the nation’s power station coal, may increase by as much as 50 yuan ($8) per metric ton, Luther Lu, a chief market analyst at the consultancy in Taiyuan, said by phone yesterday. Domestic power plants may buy more coal from Newcastle in Australia or South Africa if prices rise, he said.