In the spirit of accountability, looks like the predictions are on track so far.
China’s coking coal imports are collapsing. The surge in US and Canadian imports is ending and Mongolian throughput at the border is rising fast. Additionally, what little tons are being imported are coming from Russia.
Things are looking pretty weak in thermal imports too though given the surge in demand from gas to coal substitution in Europe and elsewhere prices are probably going to stay elevated.
As for new Russia-China interconnect, nothing new as yet and the first big month for rail is apparently going to be July per news reports. So - lets see if China’s coking imports ex Russia and Mongolia go to zero by year end. It is looking very likely at this point.
Where has all of Australia's metallurgical coal been going since Oct/2020?
We have not seen a drop in Australian production commensurate with the fall in China's imports.
Interesting. Big shift. What about thermal ?