Coking coal Cyclon Debbie is going to send the spot price...

  1. vontrader
    23,919 Posts.
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    28/03/17
    11:34
    Post #: 23672844
    Coking coal

    Cyclon Debbie is going to send the spot price rocketing

    This could cause months of damage to coking coal fields, water, damaged rail etc

    It hit $300/t recently. China have just closed a huge amount more mines, announced production cuts and are considering reducing working days - couple this with supply interruptions from QLD

    Spot price should shoot to $200/t soon. Currently at $165/t

    @nihilism giving you an early heads up this time
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