I think its odd. No news in the market, no macro indicators towards thermal coal market changing significantly. Only thing i can think of thats public news is China PMI going above 50.
I also hold OBL and similar price action occurred prior to their announcement of FMG as a major investor! Cant recall any leaky ship info in PZC since ive been holding however.
Either way someone picked up a bargain today at 5.5c
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