Coal beats gold (and other commodities) amid coronavirus gloom

[dmedin]

Quote

Coal’s image is increasingly that of a pariah fuel, demonised by environmentalists and shunned by investors wary of its role in climate change.

But one of the top performing commodities this year is coking coal, the higher-quality fuel used to make steel.

https://uk.reuters.com/article/uk-column-russell-coal-gold/column-coal-beats-gold-amid-coronavirus-gloom-idUKKBN2141GH

 

At times like these we could all be doing with some c0ke.

Edited March 17, 2020 by dmedin

[dmedin]

Quote

But iron ore, steel and coking coal are pricing on the basis that a massive infrastructure and construction programme is coming, maybe even bigger than the 4 trillion yuan ($566 billion) package announced in the wake of 2008 global financial crisis.

https://uk.reuters.com/article/uk-column-russell-ironore-china/column-are-resilient-iron-ore-steel-and-coking-coal-having-a-wile-e-coyote-moment-idUKKBN2161N0

[dmedin]

11 - 50 clients are trading iron ore.

No option for coal.

Limited range of 'options' in general.