A coal market is an entire market, think of it as a balloon, push it in one spot and it will come out in another.
The comments in relation to Glencore cutting production are interesting. Do you think Glencore will perpetually cut production to support coal prices and in turn the equity holders of high cost producers like WHC? It is a very benevolent approach for a deep pocketed company to adopt.
Is it possible that a scenario that played out in oil (earlier this year) is real potential here? Saudi in oil is the low cost player (similar to Glencore in coal). Faced with constant price pressure they determined that for their mid term prospects to improve they should increase production rather than support other producers that are higher cost than them.
DYOR - good luck to all.
A coal market is an entire market, think of it as a balloon,...
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Last
$7.89 |
Change
-0.095(1.19%) |
Mkt cap ! $6.642B | |||
| Open | High | Low | Value | Volume |
| $8.00 | $8.04 | $7.88 | $6.006M | 756.3K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 14 | 8157 | $7.88 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $7.89 | 16445 | 41 |
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| Last trade - 12.20pm 06/05/2024 (20 minute delay) ? |
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Last
$7.93 |
Change
-0.095 ( 0.83 %) |
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| Open | High | Low | Volume | ||
| $8.00 | $8.03 | $7.88 | 252381 | ||
| Last updated 12.40pm 06/05/2024 ? | |||||
| WHC (ASX) Chart |