ICE Newcastle Coal has gone from US50/t in September 2020, to US$125/t in June 2021. That's a very impressive green candlestick on the charts, +US$75/t or a +140% move in ~9 months.
I just think wider commodities markets are undergoing or will incur a healthy market retrace, history indicates that you cannot maintain the above trajectory for long durations of time. The USD is strengthening with bond yields, that might continue for a month or two IMO, which is negative for most commodities.
Just me 2c...
Ann: FY21 Production guidance update, page-18
Add WHC (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
$8.67 |
Change
-0.040(0.46%) |
Mkt cap ! $7.253B | |||
| Open | High | Low | Value | Volume |
| $8.75 | $8.77 | $8.64 | $26.64M | 3.069M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 23502 | $8.67 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $8.68 | 4056 | 3 |
View Market Depth
| Last trade - 16.10pm 11/07/2024 (20 minute delay) ? |
| WHC (ASX) Chart |