{"id":127291,"date":"2026-09-08T00:27:25","date_gmt":"2026-09-08T00:27:25","guid":{"rendered":"https:\/\/www.europesays.com\/ch\/127291\/"},"modified":"2026-09-08T00:27:25","modified_gmt":"2026-09-08T00:27:25","slug":"glencore-coal-earnings-to-beat-estimates-as-citi-eyes-price-rally","status":"publish","type":"post","link":"https:\/\/www.europesays.com\/ch\/127291\/","title":{"rendered":"Glencore coal earnings to beat estimates as Citi eyes price rally"},"content":{"rendered":"<p>    <a href=\"https:\/\/s.yimg.com\/lo\/mysterio\/api\/306bfabe5cd84f7e4ad746e435e6f2efc27d34e84da443571b466b33e827f980\/lightyear_networkapi\/resizefit_w960%3Bquality_80%3Bformat_webp\/https%3A%2F%2Fmedia.zenfs.com%2Fen%2Fproactive_uk_164%2Fc90dee236d3c5e2487674bb2e845f11d.jpg\" target=\"_blank\" rel=\"noopener noreferrer nofollow\"><img loading=\"lazy\" decoding=\"async\" src=\"data:image\/gif;base64,R0lGODlhAQABAIAAAAAAAP\/\/\/ywAAAAAAQABAAACAUwAOw==\" alt=\"Glencore coal earnings to beat estimates as Citi eyes price rally\" height=\"540\" width=\"960\" class=\"yf-1f8hkhu loader\"\/><\/a> Glencore coal earnings to beat estimates as Citi eyes price rally Proactive uses images sourced from Shutterstock           <\/p>\n<p class=\"text text-block paragraph text-left neo-font-paragraph-xl-reg  yf-18d6y07\" style=\"text-decoration: none; font-style: normal; text-transform: none; text-align: inherit; font-variant-numeric: normal;\"><a href=\"https:\/\/finance.yahoo.com\/quote\/GLEN.l\" data-ylk=\"slk:Glencore%20PLC%20(LSE%3AGLEN);elm:context_link;itc:0;sec:content-canvas;source:content-canvas%20default\" data-yga=\"{&quot;yLinkText&quot;:&quot;Glencore PLC (LSE:GLEN)&quot;,&quot;yLinkElement&quot;:&quot;context_link&quot;,&quot;yModuleName&quot;:&quot;content-canvas&quot;,&quot;yTrafficOrigin&quot;:&quot;content-canvas default&quot;}\" target=\"_blank\" rel=\"nofollow noopener\">Glencore PLC (LSE:GLEN)<\/a> is now rapidly approaching a critical market juncture, as Citi flags a potential coal price rally that appears set to outpace increasingly cautious consensus earnings estimates across the City.  <\/p>\n<p class=\"text text-block paragraph text-left neo-font-paragraph-xl-reg  yf-18d6y07\" style=\"text-decoration: none; font-style: normal; text-transform: none; text-align: inherit; font-variant-numeric: normal;\">The shares traded at 601.20p, up 1% during Thursday&#8217;s intraday session, as the influential broker detailed why the long-anticipated global commodities resurgence has been delayed.  <\/p>\n<p class=\"text text-block paragraph text-left neo-font-paragraph-xl-reg  yf-18d6y07\" style=\"text-decoration: none; font-style: normal; text-transform: none; text-align: inherit; font-variant-numeric: normal;\">At the heart of the update is a clear acknowledgement that historically elevated thermal coal stockpiles across both India and China have so far effectively suppressed the expected global market rebound.  <\/p>\n<p class=\"text text-block paragraph text-left neo-font-paragraph-xl-reg  yf-18d6y07\" style=\"text-decoration: none; font-style: normal; text-transform: none; text-align: inherit; font-variant-numeric: normal;\">That stubborn inventory overhang is finally clearing, with Indian stockpiles shrinking to just nine days of use and pushing dangerously close to the critical threshold at which safety-stock-driven bids emerge.  <\/p>\n<p class=\"text text-block paragraph text-left neo-font-paragraph-xl-reg  yf-18d6y07\" style=\"text-decoration: none; font-style: normal; text-transform: none; text-align: inherit; font-variant-numeric: normal;\">Those rapidly falling stockpiles, coupled directly with widening spreads between thermal coal and liquefied natural gas prices, are currently laying the foundations for a sustained upward swing in broader commodity valuations.  <\/p>\n<p class=\"text text-block paragraph text-left neo-font-paragraph-xl-reg  yf-18d6y07\" style=\"text-decoration: none; font-style: normal; text-transform: none; text-align: inherit; font-variant-numeric: normal;\">Beyond inventory levels, the investment bank highlighted that declining Indonesian exports and safety-related coking coal shutdowns in China will further squeeze global supply chains just as El Ni\u00f1o weather conditions intensify.  <\/p>\n<p class=\"text text-block paragraph text-left neo-font-paragraph-xl-reg  yf-18d6y07\" style=\"text-decoration: none; font-style: normal; text-transform: none; text-align: inherit; font-variant-numeric: normal;\">These tightening supply dynamics currently leave the sprawling London-listed commodities giant positioned to generate a massive 10% free cash flow yield at prevailing spot prices, underscoring the sheer underlying profitability of its operations.  <\/p>\n<p class=\"text text-block paragraph text-left neo-font-paragraph-xl-reg  yf-18d6y07\" style=\"text-decoration: none; font-style: normal; text-transform: none; text-align: inherit; font-variant-numeric: normal;\">Set against this <a href=\"https:\/\/www.proactiveinvestors.co.uk\/companies\/news\/1096951\/glencore-is-a-top-sector-pick-for-citi-after-standout-performance-1096951.html\" data-ylk=\"slk:notably%20bullish%20backdrop;elm:context_link;itc:0;sec:content-canvas;source:content-canvas%20default\" data-yga=\"{&quot;yLinkText&quot;:&quot;notably bullish backdrop&quot;,&quot;yLinkElement&quot;:&quot;context_link&quot;,&quot;yModuleName&quot;:&quot;content-canvas&quot;,&quot;yTrafficOrigin&quot;:&quot;content-canvas default&quot;}\" target=\"_blank\" rel=\"noopener noreferrer nofollow\">notably bullish backdrop<\/a> is a surprisingly cautious $6 billion consensus forecast for projected financial year 2027 coal earnings, a baseline figure the broker firmly believes looks remarkably soft compared to its own conservative $8.4 billion estimate.  <\/p>\n","protected":false},"excerpt":{"rendered":"Glencore coal earnings to beat estimates as Citi eyes price rally Proactive uses images sourced from Shutterstock Glencore&hellip;\n","protected":false},"author":2,"featured_media":127292,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":"","_share_on_mastodon":"0"},"categories":[123],"tags":[5070,132,12582],"class_list":["post-127291","post","type-post","status-publish","format-standard","has-post-thumbnail","category-glencore","tag-citi","tag-glencore","tag-thursday"],"share_on_mastodon":{"url":"https:\/\/pubeurope.com\/@ch\/117232588992615259","error":""},"_links":{"self":[{"href":"https:\/\/www.europesays.com\/ch\/wp-json\/wp\/v2\/posts\/127291","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/ch\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/ch\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/ch\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/ch\/wp-json\/wp\/v2\/comments?post=127291"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/ch\/wp-json\/wp\/v2\/posts\/127291\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/ch\/wp-json\/wp\/v2\/media\/127292"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/ch\/wp-json\/wp\/v2\/media?parent=127291"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/ch\/wp-json\/wp\/v2\/categories?post=127291"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/ch\/wp-json\/wp\/v2\/tags?post=127291"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}