"Russia also supplies coal to Europe, with Refinitiv pegging February seaborne volumes at 3.27 million tonnes.
Again, this trade is likely to become poisonous for European utilities, meaning they will be scrambling to buy cargoes from the United States, Colombia and South Africa.
This is likely to tighten global seaborne coal markets, especially if Japan, which bought 1.18 million tonnes of Russian coal in January, seeks to buy from other suppliers.
Benchmark Australian thermal coal from Newcastle port was assessed by globalCOAL at $244.29 a tonne on Thursday, up 1.6% from the prior day and well above the $226.39 from last week."
source: https://www.reuters.com/business/energy/ukraine-crisis-will-disrupt-crude-coal-lng-flows-even-without-sanctions-russell-2022-02-25/
"Chinese buyers staying away from Russian coal could boost the prices of thermal coal from Indonesia and Australia, sources said.
"With them [Chinese buyers] stepping away from Russian coal it is likely driving up sentiment around the other Pacific supplies from Indonesia and Australia, as market participants likely expect them (the Chinese buyers) to come back to the market for those supplies. With already tight spot coal supplies before this, it seems to boost expectations even further," Wendy Schallom, Senior Analyst, Coal & Power with Platts Analytics said."
source: https://www.spglobal.com/platts/en/market-insights/latest-news/coal/022422-chinese-buyers-hesitate-to-procure-russian-coal-amid-ukraine-conflict-sources
Current share price is absolutly ridiculous given that we sit in the middle of a prefect storm that is going to last for longer than many may believe. We should easily see those $4.61 the thread title suggests in the coming weeks.
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Last
$7.63 |
Change
-0.170(2.18%) |
Mkt cap ! $6.383B |
Open | High | Low | Value | Volume |
$7.85 | $7.87 | $7.63 | $41.07M | 5.326M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
5 | 38743 | $7.63 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$7.65 | 32990 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
5 | 38743 | 7.630 |
5 | 58059 | 7.620 |
11 | 45335 | 7.610 |
14 | 16211 | 7.600 |
2 | 7570 | 7.590 |
Price($) | Vol. | No. |
---|---|---|
7.650 | 32990 | 1 |
7.660 | 7639 | 1 |
7.670 | 10000 | 1 |
7.680 | 2700 | 1 |
7.690 | 27000 | 1 |
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