I think its gone too far but want to see some bounce in the coking coal pricing to buy more.
The Chinese 'enviro' controls have hit sentiment and demand. I think its partly China 'jawboning' the market to try and affect pricing in IO markets. Also, the continued COVID problems in india and EU are probably having an impact on Aus.
Definitely not a bad swing trade here if you have confidence in a rebound to Coking Coal.
Cheers
Ann: Investor Presentation - 2020 Full Year Results, page-47
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$1.15 |
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0.035(3.15%) |
Mkt cap ! $1.919B | |||
| Open | High | Low | Value | Volume |
| $1.12 | $1.16 | $1.11 | $1.585M | 1.385M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 5544 | $1.14 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.16 | 24040 | 1 |
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