in terms of the reuters article i understand what they are trying to report/summarize as i was on the CRN call yesterday so I can provide some context. Analysts asked a couple of key questions which included what is the outlook for both metallurgical and thermal coal prices and what is lilkely to transpire once the EU embargo on Russian coal comes into effect Aug2022. the key points in the explaination was as follows:
1. The EU strategy of outsourcing fossil fuel production to russia has failed and there will be significant reassessment and adjustment going forward.
2. There is likely to be elevated pricing for thermal coal as a result which will in turn provide pricing support for coking coal.
3. As Russia provides 30% of EU PCI coal there is evidence already what impact that will have as PCI coal has moved from long term average of 70-73% of Hard coking coal benchmark to currently 92%
- Forums
- ASX - By Stock
- News: NHC Australia's Coronado flags high met coal demand from Europe ahead of Russia ban
in terms of the reuters article i understand what they are...
-
-
- There are more pages in this discussion • 18 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add NHC (ASX) to my watchlist
(20min delay)
|
|||||
Last
$5.02 |
Change
0.000(0.00%) |
Mkt cap ! $4.243B |
Open | High | Low | Value | Volume |
$5.05 | $5.09 | $5.00 | $12.79M | 2.544M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
5 | 41979 | $5.02 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$5.04 | 32634 | 5 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 2994 | 5.020 |
1 | 1000 | 5.010 |
14 | 25096 | 5.000 |
9 | 57099 | 4.990 |
8 | 37554 | 4.980 |
Price($) | Vol. | No. |
---|---|---|
5.100 | 6200 | 2 |
5.110 | 17 | 1 |
5.120 | 4000 | 1 |
5.130 | 10245 | 1 |
5.140 | 3048 | 2 |
Last trade - 16.10pm 05/07/2024 (20 minute delay) ? |
Featured News
NHC (ASX) Chart |