Australian (ASX) Stock Market Forum

Coal stocks

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Iron ore has been the Princess in the spot light however
Aussie coal stocks have done very well in the last couple of years.
Have a look at COK up from 18 cents to $1.02 in 12 months
and they are not in production yet.
Flx still ramping up production with new mining areas so
more upscale to come.Take a look at their website.

Cheers
 
Coal stocks are the kings these days but more with a small k. Not long ago they crashed and recovered again, every man and woman with a dog appears to be on board.
Fair enough as there is probably still a lot of dough to be made yet. The higher they go the higher the risk and every other mining sector may follow in 2011. Remember, everything has its price!
 
Given the scale of disruption, coal prices ought to head upwards. So anyone with a mine NOT in Qld should do well financially.
 
SirRumpole said:
The coal industry will be shuddering at this.

Carbonless steel.

www.forbes.com

How Sweden Delivered The World’s First Fossil Fuel-Free Steel

Sweden has delivered the world’s first shipment of steel produced without the use of fossil fuels. That's big news for the effort to drive down greenhouse gas emissions.
www.forbes.com www.forbes.com
Click to expand...
yes I read that, then where does the carbon come from?
Ideally you melt with H2 then pump up carbon from the carbon capture coal or gas power station next door and you got proper steel
You NEED carbon to make usable strong steel.
For those who did not follow a metallurgy course , an interesting basic link:
https://www.gktoday.in/topic/why-carbon-is-used-in-making-of-steel/
Now if i was to believe (it is a belief) that climate change is caused by CO2..and not the reverse, I would be estatic
 
I see that the coal spot price has dropped hugely, down to USD 142.5 versus 269.50 in early October with most of the fall being in the past two days, it was still over $220 on 29 October.

I don't have insight into what's going in inside China which is a key driver of this, so just bringing it to attention really.

What I will add though is that coal at this price is a lot cheaper on an energy content basis than the price of LNG at the moment which is extremely high. That being so, it'll encourage anyone who can switch between the two (to some extent power generation and industrial use) to do so.

Price data taken from tradingeconomics.com
 
i would need WHC and NHC to be much lower before buying extras , but maybe i should look at CRN again hoping for an entry close to $1

( but don't write that in stone , i want to see more , yet )

i also hold some S32

i suppose my antics on WHC might barely qualify as 'trading ' , so don't get me confused with a pro-trader ( needs to make profits to pay the bills )
 
Might be a lift in the share prices of coal stocks in the coming days as Europe looks to phase out Russian coal imports. There is talk of a supply squeeze if this occurs and Australian coal possibly replacing Russian coal.
 
greggles said:
Might be a lift in the share prices of coal stocks in the coming days as Europe looks to phase out Russian coal imports. There is talk of a supply squeeze if this occurs and Australian coal possibly replacing Russian coal.
Click to expand...
Obviously matched by a slight decrease in China needs, but overall positive as more coal is being used as the EU is punishing itself.
Take that Putin ROL
 
greggles said:
YAN, NHC, WHC and CRN all up this morning. Is anyone exporting out of WA? I imagine it would be cheaper and faster to get coal to Europe that way.
Click to expand...
Be more sensible to send S Af coal out of Richards Bay to Europe, and Asia supplied out of East coast.

Whatever happened to Muga and Griffin in SW WA. Poor quality thermal coal from memory
 
Dona Ferentes said:
Be more sensible to send S Af coal out of Richards Bay to Europe, and Asia supplied out of East coast.
Click to expand...

Export volumes out of South Africa have been dropping with 2021 the lowest year since 1996 at only 59 million tonnes: https://ieefa.org/ieefa-update-south-african-coal-miners-must-get-used-to-low-export-volumes/

The west coast of Australia is further away but not substantially so. However New Hope is saying that Europe can't rely on Australia for coal due to short and medium term supply being tied up.
 
qldfrog said:
Obviously matched by a slight decrease in China needs, but overall positive as more coal is being used as the EU is punishing itself.
Take that Putin ROL
Click to expand...
European coal futures jumped to 3-week highs, while China’s weak PMI figures today reflected the impact surging Covid cases are having on the economy. This is likely to have a strong impact on Australian markets as already seen by AUD/USD edging lower following the news.

All trading carries risk, but it should be interesting to see which factor has a bigger say in the direction of local coal stocks in the near-term.
 
CityIndex said:
European coal futures jumped to 3-week highs, while China’s weak PMI figures today reflected the impact surging Covid cases are having on the economy. This is likely to have a strong impact on Australian markets as already seen by AUD/USD edging lower following the news.

All trading carries risk, but it should be interesting to see which factor has a bigger say in the direction of local coal stocks in the near-term.
Click to expand...
So far all the coalers seem to be travelling well except the Russian coaler TIG, hopefully, there will be enough caution when trying to trade this high-risk coaler.

Holding SMR, NHC
 

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