Spindler said metallurgical coal index pricing had climbed by around 30 per cent off its August lows.“Numerous blast furnaces restarted in response to increasing demand from the automotive and construction sectors,” the chief executive said in the company’s September quarterly report.“The trend of blast furnaces restarts is evident in seaborne metallurgical coal reliant markets such as India, Japan, South Korea, Brazil and Europe.”Meanwhile in China, uncertainties remain around the rumoured suspension of Australian coal imports.This is expected to cast minimal impact on Coronado, with Spindler stating that it had no term volume contracts with Chinese counterparts and “only sell into this market sporadically.”The company’s immunity is strengthened by its United States operations, which will continue to ship cargoes to China during the quarter.
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Last
$1.26 |
Change
-0.078(5.78%) |
Mkt cap ! $2.133B | |||
| Open | High | Low | Value | Volume |
| $1.29 | $1.29 | $1.25 | $1.803M | 1.411M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 13 | 12388 | $1.26 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.27 | 39871 | 22 |
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| Last trade - 11.53am 15/08/2024 (20 minute delay) ? |
| CRN (ASX) Chart |