Financial Times FT.com

Coal price surges on Chinese demand

By Javier Blas in London

Published: August 23 2009 19:06 | Last updated: August 23 2009 19:06

Coal prices have jumped to their highest in a year as a drop in Chinese domestic output forces the country to import.

The shift has particularly benefited the price of coking coal, used for steelmaking and much scarcer than thermal coal, which fires power plants.

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