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4.55% 8.4¢ cokal limited

But Sakae is worried about coking coal prices that rose...

  1. BarrenBuffett
    3,950 Posts.
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    10/08/17
    06:42
    Post #: 26404236
    But Sakae is worried about coking coal prices that rose unexpectedly after output cuts on strikes and outages in Australia.

    "If the disruptions continue, coal prices may rise further as steel demand in China and India are both strong," he said.


    "Once output issues are solved, prices should head back to around $US160 per tonne," he added.

    Coking coal on the Singapore Commodity Exchange was at $US195 per tonne on Wednesday.

    Excerpt from today's afr
    CKA Price at posting: 7.3¢ Sentiment: Buy Disclosure: Held
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    lightbulb Created with Sketch.  Great analysis
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