TER 2.08% 23.5¢ terracom limited

1 .China enforcing price control over trade and demanding...

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    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
 
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