Thermal is near 3 month highs?
The thermal price (as I said earlier) is essentially unchanged for the past 3 months. You can see below the 3 month high would have been approximately $111 USD/t. It's currently $106.40 USD/t. It's low was approximately $97USD/t.
It's basically range traded between $100 and $110.
Some very odd cherry picking of data right there.
Coking coal is no better either. It peaked briefly to about $198USD/t, but has remained in a channel of $170 to $190 for most of the month. It has also been ~10% lower than the previous quarter (give or take a few % points for current etc).
Coking and Thermal coal prices...where are we going?, page-898
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