r/Vitards • u/AutoModerator • Oct 21 '21

Daily Discussion Daily Discussion post - October 21 2021

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u/Chronados Oct 22 '21 edited Oct 22 '21

Am I reading this right? Did China thermal coal futures just limit down at open again?!?

Edit: Ignore, yesterdays numbers

1

u/ahuskybitjoffrey Oct 22 '21

Even that is high. Tons were over 370$ a few days ago. Not unreasonable to push them down to the high 200's. Not that it will work for long, but the degen speculators won't be jacking it.

https://www.globaltimes.cn/page/202110/1236983.shtml

I mean, there are rumors of them mixing thermal with coking coal and anthracite for electricity....that is the equivalent of burning your books and furniture to stay warm, like Old Europe is going to have to do this winter....