Investor Presentaiton
38
FY24 market outlook
The outlook is positive with strong market dynamics
Customers' focus on energy security
and longer supply contract terms
expected to continue
Forward price curves for gC NEWC and PLV HCC US$/t¹
$400
Resilience of gC NEWC through
$350
seasonally lower demand period is
$300
positive; upward pressure expected as
restocking needs grow ahead of the
Northern Hemisphere winter
$250
$200
Current metallurgical coal prices are
strong & longer term drivers from India,
emerging Asia and China are positive
Underlying demand for thermal and met
coal remains strong as supply gaps
materialise
$150
$100
$50
$0
Feb-23
Mar-23
Apr-23
May-23
Jun-23
Jul-23
1. Average monthly price. Forecast prices based on globalCOAL forward curve 18 August and Platts Prem. LV HCC forward curve 18 August.
gC NEWC
Aug-23
Sep-23
Oct-23
Nov-23
Dec-23
Jan-24
Feb-24
Mar-24
Apr-24
May-24
Jun-24
PLV HCCView entire presentation