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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


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VRS - who has written 36995 posts on Opalesque Commodities Briefing.


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