Coking coal guru Jim Lennon lifts 2010 price forecast to 140 dollars/metric tonne on China flurry

摘要

Macquarie lifted its hard coking coal price forecast for 2010 to 140 dollars/metric tonne, a healthy 30 bucks above the group's prior outlook and 11 dollars above the 2009 benchmark. When Jim Lennon and his team make a move with regard to coking coal, it's best to pay attention given the man's strong track record and demonic work ethic. Macquarie is extremely good. In this case, the surge in confidence is being led by - um, stop me if you've figured this out -China, which has been a substantial surprise in the first half of 2009.