WHC whitehaven coal limited
Add to My Watchlist 0.37% ! $5.47

Coking and Thermal coal prices...where are we going?, page-656

  1. borano
    2,738 Posts.
    lightbulb Created with Sketch. 294
    clock Created with Sketch.
    17/04/25
    11:51
    Post #: 78727916
    The Coal Trader
    The Coal Trader's 2025 Metallurgical Coal Outlook - Part 2
    1
    GM Coal Traders!Had some AM appointments today and have some tomorrow as well, so our usual morning met coal updates will be more like mid-day updates. Also, markets are closed on Good Friday, so if Joe and I do put something out it will be one of the longer form pieces we are working on (though honestly we will still probably just wait until Monday).Physical assessments for Premium Low-Volatile (PLV) hard coking coal rose sharply today, following a trade that confirmed bullish sentiment building throughout the week. The Argus-assessed PLV price increased $2.95/t to $187.25/t fob Australia, while second-tier material rose $0.85/t to $145.85/t. A 40,000t Goonyella cargo traded at $189/t fob, viewed as expected by some but too expensive by Indian buyers, who called the level "unworkable" amid current procurement budgets.Despite signs of robust Indian demand—especially for PMV and prime hard coking coal grades—Chinese buying interest remains tepid. The spread between fob Australia and cfr north China continues to discourage imports. Prices to China were steady at $171.10/t for PLV and up just $0.20/t to $150.50/t for second-tier coals. Meanwhile, rising geopolitical tension—particularly the White House signaling potential tariffs of up to 245% on Chinese imports—added a layer of macro uncertainty, though it’s expected to have little impact on coal flows between the U.S. and China.On SGX futures, front-month April settled at $182.50/t, up $1.17/t. The May and June contracts each posted identical gains, closing at $189.50/t. Further out, stronger upward momentum was seen from July 2025 onward, with most contracts for 2026 gaining between $0.58/t and $1.92/t. Notably, July, August, and October 2026 contracts all settled at $221.00/t—in line with our 2026 outlook (linked below) and highlighting firm long-term sentiment on tightening global supply.Coal equities are up pretty sharply today, and while again we'll reiterate we aren't yet out of the woods - China steel markets remain pretty terrible - all coal stocks have pretty much returned to midpoints of their recent lows and highs. Next moves will most likely be geopolitically driven so I'd still rather react to a short term market event than try to predict it. If you added to a core position at the lows, this is a pretty good spot to take profits off some of that trade. And if not, no big deal...long term thesis remains intact and we will probably get another shot at lows before restocking season starts.

    WHC Price at posting: $4.72 Sentiment: None Disclosure: Not Held
    Likes Created with Sketch. 8  Upvote
    lightbulb Created with Sketch.  Great analysis
    Stroke 3 Created with Sketch. Comments Created with Sketch. Reply

  2. Top Stories

 

Featured News

NEWS Bullish Brookside expands with fifth DSU at 'highly sought after' American oil and gas field
right-arrow Created with Sketch.
NEWS How Do You Trade? Take Our 1-Minute Survey & Share Your Style
right-arrow Created with Sketch.
NEWS Profits after tax down -88%, and shares rocket – what's going on with Collins?
right-arrow Created with Sketch.
NEWS Red Mountain to map, sample Quartz Reef after landing big alluvial nugget haul
right-arrow Created with Sketch.
NEWS Uranium ignites: Is this the start of a supercycle?
right-arrow Created with Sketch.
NEWS Sparc opens small-scale green H2 plant in SA, but liquidity dried up
right-arrow Created with Sketch.
Add to My Watchlist
What is My Watchlist?
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
Add to My Watchlist
(20min delay)
Last
$5.47 		Change
0.020(0.37%) 		Mkt cap ! $4.576B
Open High Low Value Volume
$5.41 $5.51 $5.40 $19.14M 3.505M

Buyers (Bids)

No. Vol. Price($)
1 2559 $5.46
 

Sellers (Offers)

Price($) Vol. No.
$5.48 63661 6
View Market Depth
Last trade - 16.12pm 26/06/2025 (20 minute delay) ?
WHC (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.