This is still a pretty good outcome. The price settlement for lower quality coking coal was better than expected. |
We won't see much selling before the report comes out, as the sentiment is that there could be a larger drop than expected. |
We're looking at a bit of profit-taking this morning ahead of the U.S. crude oil stocks report. The market's probably got a little ahead of itself, since the U.S. crude situation is very healthy at the moment. |
We're now starting to see that demand is steadily improving. There's going to be stronger demand for heating oil and crude futures are starting to reflect that. |