Compliance Energy Corp CPYCF

MET COAL PRICE HITS 6 YEAR LOW

[coalbad]

BLOOMBERG NEWS: 

The quarterly benchmark price for metallurgical coal dropped to a six-year low, according to Doyle Trading Consultants LLC, amid a slowdown in Chinese demand for the steelmaking ingredient.

Australian coal producers and Japanese steel mills agreed to a fourth-quarter price of $119 a metric ton, down a dollar from the third quarter, Grand Junction, Colorado-based Doyle Trading said in a report yesterday.

Chinese imports in August were 39 percent lower than a year earlier, according to customs data, amid a glut of domestic steel. Iron ore demand is also suffering, with prices at a five-year low. 

 

[supra48]

The longer wait time for the Raven Coal project is a blessing in disguise according to your post. After resubmitting and getting the permits then construction, it will be a great time for the upward price movement to have already begun. I see your post to be a very positive one for the mine.

[mokita]

spin doctor noun  1. (informal) a person who provides a favourable slant to an item ofnews, potentially unpopular policy, etc, esp on behalf of a politicalpersonality or party Word Origin C20: from