Cue the fiddle player: Coking coal market getting a little feisty as dance tune changes

摘要

The coking coal market not only has a pulse, it might even have a chance to get up and dance around the room a bit. There are some strong signs of exuberant life, and we'll give those some discussion. But it might be worthwhile first to knock down for good the notion the Chinese booked 50 million metric tonnes of metallurgical coal for delivery during 2009, basically leaving the rest of the world's buyers to suffer cardiac arrests. That report, which found its way into print somewhere, got the ol' horse laugh from various trading sources. And there are few things more definitive than the ol' horse laugh. It's the kind of thing us pudgy journalists attract when we walk out on the beach in Speedos.