WHC whitehaven coal limited
Add to My Watchlist 2.15% ! $5.45

Target $18.72, page-10199

  1. Montalbano
    1,648 Posts.
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    26/08/24
    20:26
    Post #: 75382410
    Do others agree with the views of @hightrax in this recent post Post #: 75205378


    Also confirmation in the link below.

    Bloomberg also claim vast amounts of very poor quality Chinese rebar steel had been produced. Now banned from 25.9.24, this has caused Chinese steel mills to FLOOD the markets with it, causing oversupply, & falling steel prices (Ditto iron ore & met coal prices?).
    And that from 25.9.24 2024, new Chinese laws require Chinese mills to only produce high quality rebar etc.

    China Steel Market Jolted as New Quality Standards Trigger Sales – BNN Bloomberg

    Do other agree these issues imply much more good quality coking coal will be required, likely to cause a rise in met prices?


    WHC Price at posting: $6.99 Sentiment: Buy Disclosure: Held
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    lightbulb Created with Sketch. 1  Great analysis
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