This is only one broker's opinion (Morgan Stanley) so don't take it as Gospel, but it's from the 'lively' blog this morning:
(it is discussing mainland communist China):Coal
Production is down 4.2% year on year in January-February, mainly due to safety inspections.
Consumption by power utilities is up 9.7% a year in January-February.
The result is “Sustained high coal imports”, +23% year in January-February.
China has returned as a “a key market for Australian coal and customers”.
Ann: Company presentation, page-396
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