MELBOURNE, Oct 9 (Reuters) - National Australia Bank (NAB) has trimmed its forecasts for metallurgical coal and thermal coal for next year given weakening longer term demand prospects, it said on Wednesday.
It now sees thermal coal prices averaging at $70 a tonne in 2020, from $76 previously, and hard coking coal averaging at $150 a tonne from an earlier forecast of $156 a tonne, it said in a report. Australia is the world's biggest coal exporter.
NAB also raised its expectations of average gold price for 2019 to $1,480 an ounce from $1,470 an ounce.
MELBOURNE, Oct 9 (Reuters) - National Australia Bank (NAB) has...
Add to My Watchlist
What is My Watchlist?
 (20min delay)
|
|||||
|
Last
$41.95 |
Change
0.090(0.22%) |
Mkt cap ! $128.4B | |||
| Open | High | Low | Value | Volume |
| $42.04 | $42.21 | $41.87 | $87.68M | 2.087M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 5 | 1280 | $41.86 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $42.03 | 15621 | 2 |
View Market Depth
| Last trade - 16.10pm 27/08/2025 (20 minute delay) ? |
| NAB (ASX) Chart |