Prices for Newcastle premium coal generally trade around 10x the JKM LNG price. The price curve is in backwardation which is signalling supply shortages.
The price curve is predicting $23 LNG for the next 12 months out to March '23. We could see coal over 200 for some time yet.
https://www.barchart.com/futures/quotes/JKM*1/futures-prices
Ann: HKEx - Date of Board Meeting, page-7
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Last
$6.23 |
Change
-0.010(0.16%) |
Mkt cap ! $8.226B | |||
| Open | High | Low | Value | Volume |
| $6.26 | $6.34 | $6.21 | $8.595M | 1.373M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 5 | 16409 | $6.20 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $6.23 | 153 | 1 |
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| Last trade - 16.10pm 11/10/2024 (20 minute delay) ? |
| YAL (ASX) Chart |