Yes, I meant NH summer - it's been an unusually hot one in Asia (and most of the NH) so coal demand is high. I realised the typo shortly after I posted, but figured people would know what I meant!
As you say, come January there may well be another seasonal cyclical high, particularly if it's another cold winter. But I think the winters tend to favour gas demand over coal.
Target $4.61, page-1212
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