Global metallurgical coal long-term outlook H2 2017: A China story through early 2020s, then India
Most metallurgical coal producers have recently benefitted from high prices. Now, China has imposed industrial restrictions for their winter season, which should lower import demand in the near-term. However, China is likely to support domestic prices for a few years, which will also help seaborne coals. Demand will stagnate until India growth takes off after 2025.