It doesn't work like that in coal
Customers who wish to lock in forward volume for security of supply can do so by purchasing on en index linked basis. In fact most of WHC is sold on that basis. All that is agreed is a premium/discount to the NEWC index which ensures both buyer transacting at market level.
Some hunter valley producers traditionally sell a portion of their coal against annual benchmark pricing (fixed price) however with current market volatility and unprecedented high prices it is highly unlikely the relevant parties will be able to agree any benchmark price this time around.
It doesn't work like that in coalCustomers who wish to lock...
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Last
$7.63 |
Change
0.140(1.87%) |
Mkt cap ! $6.383B | |||
| Open | High | Low | Value | Volume |
| $7.59 | $7.65 | $7.52 | $30.32M | 3.990M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 110097 | $7.61 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $7.63 | 13368 | 2 |
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| Last trade - 16.10pm 09/08/2024 (20 minute delay) ? |
| WHC (ASX) Chart |