https://www.reuters.com/article/us-coal-prices-graphic/thermal-coal-prices-set-for-recovery-this-year-as-oversupply-tightens-idUSKBN1ZF1O5
From wood Mckenzie - reputable resources sector pundits....
“We see a recovery in traditional coal markets. This sets the stage for supply to be over-cut throughout the first half of the year and, when LNG prices finally rise and winter restocking begins, coal prices could soar as they did in 2016,” said Dale Hazelton, head of thermal coal research at Wood Mackenzie.
The forward AUD/USD is also predicted (by the big 4 banks) to hover around the same current level (67c to 70c)
the time to buy coal stocks is now....
https://www.reuters.com/article/us-coal-prices-graphic/thermal-co...
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Change
0.030(12.5%) |
Mkt cap ! $216.2M | |||
| Open | High | Low | Value | Volume |
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| Last trade - 16.10pm 26/04/2024 (20 minute delay) ? |
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Last
26.0¢ |
Change
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| Last updated 15.59pm 26/04/2024 ? | |||||
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