if TRUMP ends the war in ukraine is that going to put more coal into the market ?
I doubt that this would make much difference. Russia has been exporting record totals for the past 5 years now, mostly to China, and Ukraine's production totals are minimal. Nothing much would change there should the war end. The increased production from China and Indonesia in recent times are the biggest issues for the current coal price. I think overall it's increased supply rather than reduction in demand. The current average price for coal is now back to where it was around 2021. Against this, the lower AUD to USD rate and the potential for increased production out of Ackland help to balance the issue a bit but it's a battle.
NHC Price at posting:
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