[Special Stock] LX International Hits 52-Week High on Strong Palm Oil and Thermal Coal Prices

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[Asia Economy Reporter Kwon Jae-hee] LX International is showing strong performance in the early trading session due to the price surge of thermal coal and palm oil.

As of 10:08 AM on the 25th, LX International is trading at 39,700 KRW, up 4.75% compared to the previous trading day. During the session, the stock price soared to 42,500 KRW, up 6.59% from the previous day, setting a new 52-week high.

The sharp rise in LX International's stock price is attributed to the increase in thermal coal and palm oil prices. The prolonged Russia-Ukraine conflict has significantly reduced the supply of thermal coal and palm oil. As a result, thermal coal prices have steadily risen this month, reaching up to 370 USD per ton. Palm oil prices have also increased.

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