Current export coal prices likely to stay depressed until the end of 2018, until China’s NDRC comes out with a new import policy
Traders and middlemen are panicking and letting go of stock.
Many are very much willing to negotiate... and the ground level actual FOB prices offered, are still lower than the transacted prices that I found.
When it turns though, it’d also mean that I know it just a tad earlier than the typical retail investor... esp since most of the related parties r not even in SG.
I’m happy to hear traders unloading inventory actually, when coastal plants demand come back on, it’d hopefully be in an under supplied market.
TTI’s way of scuttlebutt-ing means unfortunately, I end up wasting the time of a few real businesses who think they have an end client...
Yea, I know, a bit of an arsehole but ah well, I do what I have to do to get the information I need to have...