Original article by Nick Evans
The Australian – Page: 13 & 16 : 11-Aug-21
The price of thermal coal has rallied since May, amid strong demand in Europe and China. Dylan Kelly of Ord Minnett notes that the price rally has boosted the cash flows of major Australian thermal coal producers; he adds that seasonal restocking in key markets could push the coal price higher in the near-term. However, ratings agency Fitch Solutions expects the price of thermal coal to peak by the end of 2021.
ORD MINNETT GROUP LIMITED, FITCH SOLUTIONS INCORPORATED