Coking coal at $140/t Going gangbusters...

  1. vontrader
    23,919 Posts.
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    01/09/16
    07:37
    Post #: 18843621
    Coking coal at $140/t

    Going gangbusters

    http://www.mining.com/coking-coal-prices-are-on-a-roll-up-more-than-80-in-six-months/

    http://www.*.com.au/coking-coal-is-going-vertical-2016-8

    Those 2 articles are well worth a read. Looks like it has the potential to overshoot big time on supply concerns

    Expect that CKA will start to kick, fully licensed coking coal deposit in Indonesia awaiting production finance. With coal prices at $140/t, their deposit has to be looking a T/O candidate again. The 6M buyer the other day out of the blue was the hint IMO

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