Mon, Nov 24, 2014
A A A
Welcome kbr175@gmail.com
RSS

Commodities Briefing - Categorized | Investment, Market Moves more

Haven sought from soft commodities

Posted on 17 October 2011

There has been further confirmation in the past couple of days that when you look across the broad range of resource commodities, coking coal is the place to be to protect against the softness being experienced by the rest of the pack due to euro-zone debt concerns.
UBS has upgraded its near-term coking coal forecasts by 3-10 per cent (its forecast for the first quarter of next year is now $US230 a tonne), citing a combination of labour disputes in the world’s main source of supply, BHP Billiton’s Bowen Basin mines, the threat of another big wet there come December, and general global production constraints on the steel-making raw material……………………………………….Full Article: Source


 Article link

This post was written by:

VRS - who has written 38109 posts on Opalesque Commodities Briefing.


Contact the author

Comments are closed.

banner
November 2014
S M T W T F S
« Oct    
 1
2345678
9101112131415
16171819202122
23242526272829
30