Coking coal at 6 year high !, page-2

Von,
Good move abandoning other post. Doubling of price has been realised.
I still say that it is going a lot further. Read the Daily Mockery article and it has some facts in it that we of the industry know
.
The Ports are not just through loaders. Much of their function is to accumulate the cargos and blend onto ships. It could very well take a year for the ports to get back to normal operation. None of the mines has 5 to 6 weeks storage capacity for product so there will be shutdowns and therefore lost production that has to be made up.
There are a limited number of train sets that transport the coal from mine to port. In normal times these are cleverly utilised by QR to maximise deliveries to port. There is bugger all spare capacity if any. In normal times mines would sell their grandmother to get an extra train. So building up million of tonnes of blending stocks at Hay Point, Abbot Point, Dalrymple Bay and to some extent Gladstone will be painfully incremental.
There is a long period for buyers to panic.