My decison: BUY
Reason: China steel demand increased, expect coke price in uptrend
My study based on 2009 Q4 report (number in '000):
- Oversupply of steel in the domestic market and caused downward pressure on the selling prices of metallurgical coke
Lesson learned from previous Q:
- Must always check coke price trend and steel production and demand for coming Q report period, if down then sell, vice versa
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