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Old 11-27-2016, 12:15 AM   #1
Ross
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Default WFT is this ?



Coking coal price going through the roof .

The associated link describes it as due to a lift in Chinese steel
production . If so why the massive rise since the start of August ?

I would say ''cold winter expected'' except that I think coking coal
is not used not normally used in power stations .

Chart source here .
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Old 11-27-2016, 12:21 AM   #2
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Oooops !

I now find this ...
Quote:
The rally was triggered by Beijing’s decision to limit coal mines'
operating days to 276 or fewer a year from 330 before as it seeks
to restructure the industry. Safety closures and weather related
supply curbs in China and Australia only added fuel to the fire.
http://edge.alluremedia.com.au/uploa...-Sept-2016.jpg
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All paper is a short position on gold . “Gold is money. Everything else is credit.”

“If we don’t believe in freedom of expression for people we despise, we don’t believe in it at all.” ( Noam Chomsky )

‘you can judge a man’s spirit by the amount of truth he can tolerate.’ .... Nietzsche
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Old 11-27-2016, 01:08 AM   #3
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Ross, do you have a multi-year chart? DH's steel mill (on the Great Lakes) must bring in and stockpile its materials before Great Lakes shipping ends for the winter. I believe it's ordered late summer/early fall.
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Old 11-27-2016, 06:51 AM   #4
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I think we can safely say it is a temporary glitch that will soon disappear .



Chart source

..
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‘you can judge a man’s spirit by the amount of truth he can tolerate.’ .... Nietzsche
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