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US September housing starts 1.221M vs 1.305M

Prior was 1.305m Building permits 1.400m vs 1.395m Prior permits 1.275m Permits change m/m vs -2.1% prior This is another disappointment on the housing front and comes after yesterday's survey of home builders showed sentiment at the worst levels since 2012. High mortgage rates are the big problem in the industry, which is in a deep recession. There is a bit of help today in the rates market with…

CommodityOilPrice.com

Asia’s Coal Prices To Stay High as Supply Drops and Demand Firms

Thermal coal prices in Asia are expected to stay elevated in the coming months as demand is strengthening in the ongoing gas-to-coal switch, while supply from China and Indonesia is falling, Fitch Ratings said in a report. Coal prices in China, for example, have hit a three-year high in recent weeks as supply from key exporter Indonesia remains restricted due to government policies and strong El…

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