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Cargo re-trading, China buying in H1 set stage for metallurgical coal record rally

Metallurgical coal’s breathtaking 131% price rally in the third quarter of 2016 has elevated the steelmaking raw material to become the year’s best performing commodity so far. But Platts-observed spot trade data in January-June showed that the seeds of the price rally were already sown earlier in the year. Greater cargo re-trading and robust Chinese […] The post Cargo re-trading, China buying in H1 set stage for metallurgical coal record rally appeared first on The Barrel Blog.
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