[ATTACH] Coking coal prices rebound nearly 8%. Think many of the...

Coking coal prices rebound nearly 8%.

Think many of the prospective Asian buyers / customers are holding out, thinking prices will be lower short term.

Coking Coal prices have now strengthened for the previous two years on a growing demand for steel in the Asian region.

With the number of countries in recession at a record low, I see no reason soon for weakness unless the demand for steel produced in China suddenly drops.

Asian customers will soon be forced to pay up, offering a smaller discount to complete an off take deal for Cokal's coal.

Patience will soon be rewarded.

Cheers Lute