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....
Coal Price set to Soar as in 2016
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24.5¢ |
Change
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Mkt cap ! $194.2M | |||
| Open | High | Low | Value | Volume |
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Buyers (Bids)
| No. | Vol. | Price($) |
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| Last trade - 11.47am 30/04/2024 (20 minute delay) ? |
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24.5¢ |
Change
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| Open | High | Low | Volume | ||
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| Last updated 11.48am 30/04/2024 ? | |||||
| TER (ASX) Chart |