a leading australian investment bank has recently opinioned that $175/tonne is where the chinese govt might like the HCC spot price to eventually settle, or roughly around this mark...
this would be sufficient profit margin for chinese coke coal producers and also, presumably steel producers... re.. the restructuring of these industries... reducing excess capacity; getting rid of high cost, inefficient and polluting operations
wouldn't that be great for BRL...
sticking with it and probably adding a few more
BRL Price at posting:
7.2¢ Sentiment: Hold Disclosure: Held
