The mainland Chinese/Korean winter is also a period of high demand is it not?
So while we don't want to be hyberbolic, if markets are rational, high prices for thermal coal are likely to stay at an 'elevated' level until at least February 2022.
While communist China's 'ban' on Australian coal continues, it's unclear to me how much Australian coal is finding its way into mainland China via either Hong Kong or third party nations. There was limited Australian media comment about this some months back but from what I recall, little in the way of hard evidence.
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