Chinese coking coal futures are going nuts, jumping 10% to the highest level on record
Nov 7, 2016, 4:38 PM
Chinese coking coal futures exploded higher on Monday, surging 10%, the maximum daily amount allowed based on market rules, meaning the only thing preventing further gains is that they’re not permitted.
The January 2017 contract on the Dalian Commodities Exchange is currently up 9.83% at 1,514 yuan, just shy of all-time record high of 1,516 yuan which was struck earlier in the session.
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