You are viewing:-
you're reading...
1.Market Observations, 8.Was Sticky

14 Oct 2016 (AFR) – King Coal’s nervous re-awakening

(14 October 2016, AFR, p41, Bloomberg)

‘Surging coal prices have been a surprise blessing for mining companies this year. Few of them seem to believe it will last. The rally has been driven by Chinese policy changes that curbed production rather than any pick-up in demand. That means producers who sought to survive a downturn by shuttering mines aren’t yet ready to buy into it. Coking coal, used to make steel, has almost tripled this year, while thermal, used to generate electricity, is up 56 per cent. The biggest miners such as BHP Billiton and Teck Resources remain cautious on how long the rally will last. While Glencore this week said it plans to restart a small mine, exports will be unchanged.’

Read more at (might need AFR login access, or try:


About robertbrain

Brainy's Share Market Toolbox. Read the honest truth about the sharemarket. Develop or fine tune your investing/trading strategies using share price charts (technical analysis), or learn about the investment strategies of others. Melbourne (Australia) based - supporting share market investors and traders to build wealth through smarter investing using my Share Market Toolbox arsenal of weapons to tackle the market.


No comments yet.

Leave a Reply

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )


Connecting to %s

%d bloggers like this: