Coking coal prices closed the week 86% higher, climbing 34% on Friday alone to $283.10 a tonne, after damage caused by a cyclone that struck Australia’s north-east coast in late March has put supply at risk.
This is just the beginning IMO
$300/t coming quickly. Watch the speccy coal sector fire up again
@strauss @bowser @nihilism
Short Term Trading Weekend Lounge: 7 -9 Apr, page-152
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