Target $18.72, page-3400

Futures are currently slightly down past the 1-year mark while they are up in the next 12 months. It reflects the high pent-up demand even with Chinese lockdowns. Now that China is lifting its lockdowns gradually it has come to the realisation that it has no choice but to buy from Australian exporters to fill its own domestic shortfall. They cannot keep up with demand required to keep their economy prosperous. The world will have to adjust to the new energy pricing environment. Lack of investment in mines/infrastructure, green revolutionaries and inflationary pressures make these new energy prices more and more sustainable with each passing day.