Rob Milner just gave an interview in the bell potter session. A few interesting things he said:
"We are surprised prices of coal didn't pull back sooner given inventory build and the warmer winter".
"We are seeing less Met coal being mixed into the thermal market" - implying price support from this supply leaving the market
"We expect prices have probably found a bottom, and will see them move higher in the short term given demand from China"
"We may start to see Thermal coal producers do less washing, as the Chinese demand for the API-5 coal has strengthened and so has the corresponding price. This will improve margins in that space"
Overall painted a strong picture for future profitability and demand despite the short term weakness.
I bought a truck load of WHC this morning. Cheers everyone.
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Last
$3.89 |
Change
-0.060(1.52%) |
Mkt cap ! $3.288B | |||
| Open | High | Low | Value | Volume |
| $3.95 | $3.97 | $3.86 | $5.149M | 1.321M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 13582 | $3.88 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $3.89 | 24292 | 2 |
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| Last trade - 16.15pm 23/06/2025 (20 minute delay) ? |
| NHC (ASX) Chart |