Yes - we could see this coming from a couple of weeks ago.
You need to follow the Newcastle thermal futures that Bowser and Psalty referenced (https://www.barchart.com/futures/quotes/LQ*0/futures-prices)
Its been in massive backwardation for the past couple of weeks, but has stabilised around $250 USD for futures contracts out to Jan/Feb 24
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 (20min delay)
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Last
$3.68 |
Change
-0.045(1.21%) |
Mkt cap ! $3.110B | |||
| Open | High | Low | Value | Volume |
| $3.75 | $3.75 | $3.63 | $8.147M | 2.213M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 18 | 25845 | $3.67 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $3.68 | 48729 | 30 |
View Market Depth
| Last trade - 12.53pm 30/06/2025 (20 minute delay) ? |
| NHC (ASX) Chart |