'The Australian' has this online as at evening, Tuesday 2 February 2021:'China’s ban on Australian coal could be about to crack after months of rising prices and a severe northern winter have combined to pressure the restrictions.
Daniel Hynes, senior commodities analyst at ANZ, this week raised the possibility in a note suggesting “traders are reassessing the market amid reports that China is considering allowing some stranded Australian coal shipments to be unloaded”.
Australian coal exporters have been frustrated by the stand off as China informally banned Australian coal late last year...
...Analysts are divided over the quantity of Australian coal that is getting around the ban and “finding its way into China”.
It is most likely only a fraction of the $14bn sector that is the nation’s second-biggest export after iron ore.
With dozens of ships stranded on the China coast in a queue that has lasted for months, any move by China to end the stalemate and let the coal cargo come into China mainland ports will be seen as a major development.
China’s trade tensions with Australia peaked with the informal coal ban that followed bans on a range of products including barley, beef and wine.
Australian coal share prices were boosted by the higher volumes and prices seen over December, though they have largely drifted in recent weeks...'
- Forums
- ASX - By Stock
- NHC
- Will New Hope make money?
Will New Hope make money?, page-27
-
- There are more pages in this discussion • 191 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add NHC (ASX) to my watchlist
|
|||||
Last
$4.95 |
Change
0.010(0.20%) |
Mkt cap ! $4.184B |
Open | High | Low | Value | Volume |
$4.96 | $4.96 | $4.86 | $11.52M | 2.343M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
3 | 34528 | $4.94 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$4.95 | 23023 | 5 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 3619 | 4.920 |
2 | 2219 | 4.910 |
5 | 8723 | 4.900 |
4 | 12264 | 4.890 |
3 | 2424 | 4.880 |
Price($) | Vol. | No. |
---|---|---|
4.950 | 493 | 1 |
4.970 | 2019 | 1 |
4.980 | 2019 | 1 |
4.990 | 2019 | 1 |
5.000 | 2104 | 2 |
Last trade - 16.10pm 12/07/2024 (20 minute delay) ? |
Featured News
NHC (ASX) Chart |