So I'd assume whc customers would be purchasing the bare minimum at these prices to keep their furnaces going and not adding to their strategic stock piles. Perhaps this is one of the reasons production guidance for this fy is roughly in alignment with the last. I'm not sure if whc even has a surge capacity given the complicated delivery chain(?). China has commanded their domestic mines be re-activated and are also buying coal from neighbor Mongolia. Some strategic supply stock piles have released too. They have also commenced an ETS scheme earlier this month which appears will have minimal effect and made worse by burning inferior coal. Which begs the question, will their domestic mines, Mongolia, SA or Indonesia be able to keep them supplied, or will they silently knock on the door of Australia again?
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