What to make of the latest round of Chinese data at FT Alphaville.
“September Chinese exports came in +9.9% Y/Y, while imports were +2.4% higher. However, the larger than expected increase in exports was due to shipments being made ahead of the week long holiday. Chinese manufacturers/exporters are still facing significant problems” at Ritholtz.
The modest rebound in iron prices…restocking? FT Alphaville
Bullish on copper: Mining.
India’s SAIL keen to acquire coking coal assets, upbeat on steel demand at Platts.
China’s September coal exports fall 56% on year to 530,000 mt at Platts.
“Global thermal coal prices are likely to rise in the current quarter on winter restocking in the Northern Hemisphere, UBS forecast Monday.” Platts
CONSOL is a large, respected low cost and conservative U.S. coal name who had a difficult third quarter.