ICE Newcastle Coal has gone from US50/t in September 2020, to US$125/t in June 2021. That's a very impressive green candlestick on the charts, +US$75/t or a +140% move in ~9 months.
I just think wider commodities markets are undergoing or will incur a healthy market retrace, history indicates that you cannot maintain the above trajectory for long durations of time. The USD is strengthening with bond yields, that might continue for a month or two IMO, which is negative for most commodities.
Just me 2c...
Ann: FY21 Production guidance update, page-18
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Last
$7.41 |
Change
0.070(0.95%) |
Mkt cap ! $6.199B | |||
| Open | High | Low | Value | Volume |
| $7.30 | $7.48 | $7.27 | $38.45M | 5.196M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 34810 | $7.41 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $7.44 | 1000 | 1 |
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| Last trade - 16.10pm 06/08/2024 (20 minute delay) ? |
| WHC (ASX) Chart |