Von,
That appears to be the sentiment in coal marketing world. No US 300 or anything like that unless there was a major event.
China consumes 4.5 to 5 BILLION tonnes of coal annually.
China imports about 95 MILLION tonnes annually.
From memory North Korea supplies about 25 million/year.
Most of the rest comes from captive market Mongolia.
Australia supplies about 15 to 25 million tonnes.
China consumes more coal than the rest of the world put together.
China is number 1 for coal reserves in the world.
The price of seaborne coal will be whatever Chinese government wants it to be (except for major events that will cause short term spikes like 2011 QLD floods).
High seaborne coal price is an advantage to China as it increases cost to their competitors like Japan, South Korea and Taiwan.
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