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why does china need to stock up on coking coal before winter? :/

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nihilism

11,400 Posts.

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21/09/16

08:16

Post #: 19300949
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Originally posted by vontrader ↑

WHC

Absolutely destroying the coal competition, now $2.60+. A no brainer buy and hold a while back for anyone who caught it

Still waiting on Decemeber quarterly benchmark prices for coking coal, but wide talks of between US$140-170/t which will give validity to the spot price of US$200/t+ currently

Coking coal inventory very low, China need to stock up before winter, QLD supply issues still and coming into our storm season with more than a 65%+ chance of El Nino - I would hazard there is half a chance of further price gains

CKA

Spoke to management this week. Advised an updated DFS reflecting new and reduced costs would likely send it parabolic. They are working with the new ASX disclosure rules to see what they can release - could be a well needed catalyst and give it a serious kick if they confirm AISC $100/t.

Still someone who continues to tick (manipulate) it to the lowest possible bid everyday, sometimes across 0.5-1c spreads. Looks like it's being worked again, same thing happened for weeks and weeks before the last 16c T/O bid

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why does china need to stock up on coking coal before winter? :/
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