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Asia Scrambles For Coal As Energy Crisis Sends Prices To Two-Year High Ahead Of Winter

Asia Scrambles For Coal As Energy Crisis Sends Prices To Two-Year High Ahead Of Winter As the Northern Hemisphere winter quickly approaches, Asian thermal coal prices have climbed to two-year highs and could be on the cusp of a major breakout as utilities stockpile the dirty fuel amid disruptions to natural gas and crude product markets caused by the war in Ukraine and the Strait of Hormuz disruption. Newcastle coal futures, an Asian benchmark, are up more than 40% on the year and could surge even higher if the $150-a-ton level...
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