just by looking at Dalian Commodity Exchange's date, both coke and cooking coal price dropped more than 11% last week, huge speculation about China is going to left the ban and start to import coals from Australia again after Penny Wang's visit .
maybe that is the reason why YAL performed better than WHC NHC recently.
China buys high grade coke and coking coal from Russia and Mongolia, due to the unexpected cold weather they are having big logistic problems. they are shutting down lots of small, unproductive steel mills in Shandong and Hebei province try to reduce energy consumption.
Target $18.72, page-2885
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$7.65 |
Change
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Mkt cap ! $6.399B | |||
| Open | High | Low | Value | Volume |
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| No. | Vol. | Price($) |
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| 5 | 22151 | $7.64 |
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| Price($) | Vol. | No. |
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