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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum
GLD 374.33+0.7%Nov 18 4:00 PM EST

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To: maceng2 who wrote (41199)10/12/2008 10:27:25 AM
From: TobagoJack  Read Replies (2) of 217862
 
i trade and ship coal from china to philippines

i buy fob tianjin and i deliver cif philippines

coal yards in china are apparently full

waiting to see what happens next

coal price has not budged for export out of china, but shipping cost has collapsed, now mere 18% of the peak cost in november of 2007

iow, times are very good, until someone wishes to break term contract

meantime, coal stocks got smashed, which is also good, because can use saved shipping cost to buy more coal stocks, a win win
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