Continued uptrend likely for China CoalChina Coal is looking at a continued upside ever since it has been trending on an upward trend for a year. Maintain buy
601898 trade ideas
China intends on using up all unrenewable resources first.Why wouldn't it? Before making the costly move to renewable. Storing up insane amounts of coal and burning through them rapidly.
Chinese reports are sketchy at best, so funny enough the best news comes from expats living within them. Great stories. China is bulking resources and commodities, burning through reserves to do so. They believe it's a worthwhile gamble while the rest of the world realizes how difficult a changeover to renewables is.
Forecasting the future price of CHINA COALI strongly believe that the market history will repeat itself.
Here just an outlook for coal prices in next two years (:.
