Correction in Coal and Shares
tradingeconomics.com recorded coal price of US$106.25 on November 18, 2016. That means the commodity retreated 3.28% from the previous week. Coal, however, scored 16.25% gain in November and 103% year-on-year. Shares of coal producers listed on Indonesia Stock Exchange (IDX) have retreated by 13% to 25% last week. Has the commodity touched its peak and started a long and painful correction?
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