Coking coal collapsing sadly, while Iron Ore begins to rally hard again. Don't get why, Coking coal is supposedly under pressure from crashing steel prices and mill margin pressure, the same should apply to Iron Ore though especially since port side stocks in China are rising fast.
Anyway, the second Guidance upgrade was perhaps too hasty by the board, they're going to have to issue a downgrade with prices unlikely to hold above their guidance. They had guided for average PHCC >330 Till 2022, and then greater than 300 till Q1C22, and 240 in Q2C22..
Coking Coal Prices
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Last
81.0¢ |
Change
0.000(0.00%) |
Mkt cap ! $155.0M | |||
| Open | High | Low | Value | Volume |
| 82.0¢ | 82.0¢ | 80.0¢ | $6.308K | 7.881K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 4909 | 80.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 81.0¢ | 217 | 1 |
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| Last trade - 15.37pm 14/06/2024 (20 minute delay) ? |
| BRL (ASX) Chart |