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Urbane Gorilla!'s
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Sorry... I don't see any coal spike. KOL is down 45% since the end of August and down $11 this last week alone. Unless you mean a 'reverse spike'.
Sep 29 14:52 pm
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All Comments by Urbane Gorilla! »Coal Prices Set to Go Up [View article]
Furthermore, steel demand is down. Waaaaayyyyy down! That also applies to iron ore. That's why the Baltic Dry Index is down.
Steel production is down. Ore and coal shipments are down. Daily shipping rates are down. Simple.
jegan ;-)