Many of us had already see the parabolic moves of PUDA last week. LLEN is not too far behind. CHGY is waking up. SZGH may also join the foray if it can get its house in order.
One of the major catalysts: China coal prices are expected to rise further in the fourth quarter due to seasonal storage and the possibility of a colder than usual winter.
Some references:
Article 1: Reuter: China Coal-Prices hover at 10-mth high, seen rising further
"China's thermal coal prices at Qinhuangdao port, a domestic benchmark, clung to recent gains and lingered at a 10-month high, as fast-dropping temperatures lifted demand and helped draw down port stocks.
Prices could strike above 900 yuan ($135.1) a tonne by the end of the year due to seasonal storage and the possibility of colder-than-usual winter, traders and analysts said.
Chinese coal prices are already trading close to the high above 850 yuan ($127.6) posted in January this year, when prices rose steeply as China's worst snowstorm in 50 years cut supplies and pushed demand sharply higher.
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