I am encouraged by the IO price rise since April lows. My reason is that COK is met coal and if IO is more positive, then maybe steel is more positive.
I also follow the US coal producers & I think that the low Natural gas price is the main downer on Thermal coal price. The US is going to become a major LNG exporter with 4 projects underway and more in planning. This will possibly lift Nat Gas prices from their current extreme lows.
So I think Coal has a future
I am encouraged by the IO price rise since April lows. My reason...
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