What is Newcastle coal Index?
What is Newcastle coal Index?
The NEWC Index is the settlement price for a significant volume of index-linked contracts – from Australia and Indonesia to Japan and India. The NEWC Index prices the vast majority of coal derivatives in Asia, with some 350+ million tonnes of gC ICE Newcastle Futures cleared annually.
What is the coal index?
NCI is a price index combining the prices of coal from all the sales channels- Notified Prices, Auction Prices and Import Prices. The amount of revenue share per tonne of coal produced from auctioned blocks would be arrived at using the NCI by means of defined formula.
What is xal1 coal?
Created with Highcharts 9.3.2 Dec 2021 Oct 2021 Aug 2021 Jun 2021 Apr 2021 Feb 2021 50 100 150 200 250 300. End of interactive chart. 52 Week Range. 76.90. 89.00.
Why is the price of coal increasing?
Coal is seeing a dramatic spike in demand just as several major miners are hit with production problems, sparking a surge in prices from China to Europe. The price spike comes amid an existential crisis for coal, with climate policies making it increasingly difficult to invest in new projects.
How do you trade coal?
One way to trade coal is through the use of a contract-for-difference (CFD) derivative instrument. CFDs allow traders to speculate on the price of coal mining company shares. CFDs allow traders to enter the coal market without actually owning the asset.
Does Australia sell coal to China?
Australian exports account for 58% of the global seaborne trade in metallurgical coal, compared with 21% in thermal coal. As BHP expressed it in its annual results report, ‘Australia was both the largest seaborne exporter of metallurgical coal and the largest seaborne supplier to the clearing market, China.
Can you invest in coal?
Coal Stocks for Long-Term Investment However, a deeper analysis shows that there’s still a huge demand of coal and coal stocks remain a sound investment option for long-term investors.
