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Ponch73

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Ponch73

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Thursday, 05/18/2017 11:54:01 AM

Thursday, May 18, 2017 11:54:01 AM

Post# of 1138
Have you seen a recent coking coal price chart?

The following article has an embedded chart of the TSI Premium Hard Coking Coal Australia FOB, which looks to be roughly double MMC's realized price. Even though the article is from January, the chart appears to be updated to include data through May 2017.

http://www.mining.com/coking-coal-price-crashes-200/

Australia FOB prices have fallen from over $300/ton to $200/ton in the last few weeks. Obviously, this isn't helping MCC's stock price. Maybe the recent big move down to new 2017 lows is partly fundamental in addition to the bond guys selling equity.
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