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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory

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To: pogbull who wrote (9328)	3/4/2004 7:52:55 AM
From: TheSlowLane	Read Replies (1) of 110194

Between the two of them, BHP and Teck Cominco have half of the metallurgical coal market. A lot of the coal is sold under contract and Teck said that they won't see 2004 prices until April because their 03 shipments got backed up, but we'll see what happens after that. I believe they said that coal being sold at "spot" is going for about $80/ton (vs. contract price of $51/ton). Just saw a piece on CNBC from the CEO of Louisiana Pacific regarding oriented stranded board (OSB), a plywood replacement. Prices are at a record high and unless demand slackens soon, they don't see any price relief in sight.

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