RE: Do you like .135???I don't like the lower shock price, but will take advantage of it. Trying to accumulate 200,000 and only need 30000 more.
The long term looks good but do your on DD.
I find this article interesting as even with the global crisis it still shows increase demand for coal.
OC
But with China's requirement for coking coal expected to increase at8 per cent annually, as against the domestic production growth of 4 percent, analysts have indicated that the considerable shortfall willsupport high prices for the commodity.
China, which consumes almost half the global coking coal production,will require to import about 50 million tonnes this year. Estimatespoint to another 70 million tonnes being brought into the country in2011, which will account for about 23-25 per cent of the world's cokingcoal trade.
“The structural shift in China's position, and its emergence as asignificant importer of coking coal, will push up prices further, andwe believe that the 2011 average could easily be of the order of $280per tonne,” CRISIL Research Head Sudhir Nair said.
Here is the whole article
https://www.business-standard.com/india/news/demand-growth-may-harden-long-term-coking-coal-prices/395356/