So many weak hands.
It reminds me of October 2021, when everyone panicked and sold. This is when China attempted to 'influence the market' by manipulating futures/price controls etc.
China is now entering the Aust coal market. Is it surprising that the futures market is all over the place? They may influence the futures market for a period of time, but ultimately, it's the volume of coal that will control prices.
If the futures markets aren't pricing coal properly. I would be interested to know if WHC is selling under contracts, outside of the futures.
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$8.03 |
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10 | 26876 | 8.020 |
2 | 22759 | 8.010 |
13 | 28337 | 8.000 |
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Price($) | Vol. | No. |
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