WHC 0.69% $8.61 whitehaven coal limited

Target $4.61, page-3808

  1. 388 Posts.
    lightbulb Created with Sketch. 35
    this expectation as of yesterday. today is $150.00, dropping with no sign of stopping.
    GC Newcastle coal futures tumbled by over 30% to $150 per metric ton, the lowest in three months, and are more than 40% below a record high of $269.5 hit on October 5th, as China stepped up policies to boost output ahead of the winter season. China’s average daily output increased by over 1.2 million tonnes to a record at above 11.6 million tonnes on October 18th. As a result, Chinese power plants now have stocks to produce power for 16 days from less than two days’ inventories at the start of October
    Last edited by mow1: 02/11/21
 
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