Interesting posts. The real situation is that HCC is in a delicate supply demand non-balance. That is their is a supply shortage. In addition there is not a lot of HCC in the World. QLD is the top HCC seaborne supplier. Anglo is number 3 seaborne supplier. Grosvenor is 17% of Anglo supply. All from various sources. So 3 to 4 Mt taken away represents a huge supply imbalance. US$400 is a real possibility. Worse if Grosvenor was deleted as a Resource then it is a critical long term supply imbalance.
So HCC price will rise until the situation is resolved. SSCC will rise in proportion. PCI: every tonne of PCI injected into blast furnace reduces HCC usage by 0.8 tonne. So PCI will rise. Thermal: Marginal PCI will move into the PCI market reducing thermal supply slightly. So thermal will stabilize or rise a little. All in my opinion.
WHC Price at posting:
$8.12 Sentiment: Buy Disclosure: Held
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