$Geo Energy Res (RE4.SG)$$Golden Energy (AUE.SG)$ Newcastle ...
$Geo Energy Res(RE4.SG$ $Golden Energy(AUE.SG$
Newcastle coal futures, the Asian benchmark, consolidated above the USD350/ tonne mark and more than doubled in value since 2022, supported by continued robust demand against a tightening market backdrop. Along with increasing demand for power generation with a resumption in economic activity after the coronavirus-induced slump, soaring natural gas prices in Europe and Asia in late 2021 boosted coal consumption. Russia's invasion of Ukraine and the economic sanctions, including the EU's ban on coal imports from Russia, have thrown the global energy market into chaos.
Newcastle coal futures, the Asian benchmark, consolidated above the USD350/ tonne mark and more than doubled in value since 2022, supported by continued robust demand against a tightening market backdrop. Along with increasing demand for power generation with a resumption in economic activity after the coronavirus-induced slump, soaring natural gas prices in Europe and Asia in late 2021 boosted coal consumption. Russia's invasion of Ukraine and the economic sanctions, including the EU's ban on coal imports from Russia, have thrown the global energy market into chaos.
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102088541 : Now can buy?
bullrider_21 OP 102088541 : Maybe around 0.525.
102088541 : Thanks bro!
bullrider_21 OP 102088541 : np
102088541 : How is Newcastle coal futures related to Geo energy share price movement? Higher selling price Y-O-Y basis?
didi_ : the coming 1st qtr result shd be quite good as it's based on the higher coal price that was sold.
bullrider_21 OP 102088541 : Newcastle coal futures about doubled from last year.
101673749 : Run