coal price correction

1 .China enforcing price control over trade and demanding refunds.
2 China opening 169 new mines could add 10 per cent to mining capacity
3 China increasing reliance on solar.
4 China's investment in coal transport infrastructure will consume more local product.
5 A recession will destroy energy demand and give China time to become self sufficient.

Although China may not be the market for many producers it will create a price correction. Many coal producers were hammered today.

My sentiment is short term sell. I did warn others about China in other posts but they didn't think China had influence because China is not TER customer. live and learn.

Note this is not advice.

https://theconversation.com/chinas-demand-for-coal-is-set-to-drop-fast-australia-should-take-note-181552

https://ca.finance.yahoo.com/news/china-shows-serious-enforcing-coal-022212448.html