US$117/t is on the up indeed
We previously saw sub $100/t, so suffice to say coal has bounced at least 17% and has a substantial way to go to that S/T target of $135/t
Anyone still thinking coal is in the doldrums probably can't notice the rally occurring as it happens in a slower or less noticeable manner than for example Gold and Iron Ore with overnight spot prices readily available to punters
With any luck, coal will be $130/t+ as we are going into production
These delays might, just maybe have worked in their favor in terms of commodity pricing, at least compared to last year
If Blackrock has finished selling for now, page-20
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