Hi Bowser. I know you've mentioned economic conditions in China as something to consider (and I don't doubt they're of some importance), but Im having a bit of trouble understanding why you're so concerned with them when Whitehavens biggest customers are Japan (~50-60%), South Korea, Taiwan, Malaysia and The Phillipines. Surely Japans economic environment is of greater concern if we are to worry about falling demand from Whitehavens customers ?
Sure, China will still have an overall effect on the supply side of coal if manufacturing is weak, but they are a lot less influential on the market than on something like iron ore as I only put them at 25% of the total export market.
On a side note, its interesting to see a few protests kicking off in Newcastle. https://www.abc.net.au/news/2021-11-16/sydney-news-coal-protesters-stopping-trains/100622422
Hi Bowser. I know you've mentioned economic conditions in China...
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