The share price of coal-related stocks edged higher on Friday after Newcastle Coal hit a record high of $177.50/MT in today’s trading session.
As of 10:45 local time in Thailand, the share price of Banpu Public Company Limited (BANPU) rose ฿0.30/share or 2.73% to ฿11.30/share with a trading value of 694 million baht.
Asia Green Energy Public Company Limited (AGE) increased ฿0.06/share or 2.0% to ฿3.06/share with a trading value of 34 million baht.
The Lanna Resources Public Company Limited (LANNA) gained ฿1.00/share or 5.49% to ฿19.20/share with a trading value of 85 million baht.
The Newcastle coal price has been on a rise this year with a 120% gain from $80.50/MT as the popularity of coal business started to die down, while companies and mines are shutting down from Covid-19 pandemic, resulting in higher demand for coal.