is your money safe in aussie coal stocks? , page-2

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    Is that suppose to be an up to date commentary of the coal market?

    HCC and PCI prices have surge 30% in the last month. About 15% for thermal.

    "There are factors that have put downward pressure on the price of coal beyond concerns over diminishing demand. The shale gas explosion in the US has devastated its coal industry - leading American coal producers to look for export markets to offload the oversupply."

    The shale gas prices started picking back up, and immediately power stations reverted back to using coal! Exports from the USA have dipped back to trend (down 25% since the July peak). Production appears to be climbing again but volatile. Inventories are being run down, which suggests the market is undersupplied. Coal consumption by power stations has returned to normal.

    The KOL ETF is now 15% above the low and lagging way behind the trend shift at the market level. Can't believe the bargains that are on offer on the ASX. Investor sentiment will eventually shift back up as they wake up to the world around them!




 
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