Following is my view on ‘study range’ met coal demand. My view...

Following is my view on ‘study range’ met coal demand. My view is that oversupply situation is a mere 30Mt and will be swallowed during the next 12 months. This will take rise to a three year relatively stable pricing period (subject to special events like floods), followed by a gradual uplift from 2017-8 onwards. So I guess I am calling the bottom of the price cycle. Brave I know, but someone needs to do it. ?