Oil and LNG are also on their way down so likely coal will follow suit.
I don't think we'll see the lows of 2020, though, as rig counts are still well down from (2019) pre-pandemic levels. That should limit supply of gas coming onto the market and so help give coal a floor.
If Delta gets worse demand could fall to match supply and then prices could fall further.
Ann: South Africa Result - July 2021, page-18
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Last
22.5¢ |
Change
0.005(2.27%) |
Mkt cap ! $180.2M | |||
| Open | High | Low | Value | Volume |
| 22.5¢ | 23.5¢ | 22.0¢ | $565.4K | 2.466M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 6 | 618979 | 22.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 23.0¢ | 423785 | 5 |
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| Last trade - 16.10pm 08/11/2024 (20 minute delay) ? |
| TER (ASX) Chart |