I need to check but Russia is a huge coal exporter right? I wonder if their coal is banned now in the west and how coal price will be impacted once the war is over.. cause we are approaching rather end of the war now. Before entering coal it is good to check if we don’t have oversupply issue coming up
Russia is a large coal producer, however, even if the war ended tomorrow, I believe Russia will be under trade sanctions for ten years, give or take. Coal is a global market, so Russian coal to India will reduce global prices, but the US will probably have Europe as a captive market. It's a real risk, but just limits position size. The only thesis that is ironclad is probably copper.
I need to check but Russia is a huge coal exporter right? I wonder if their coal is banned now in the west and how coal price will be impacted once the war is over.. cause we are approaching rather end of the war now. Before entering coal it is good to check if we don’t have oversupply issue coming up
Russia is a large coal producer, however, even if the war ended tomorrow, I believe Russia will be under trade sanctions for ten years, give or take. Coal is a global market, so Russian coal to India will reduce global prices, but the US will probably have Europe as a captive market. It's a real risk, but just limits position size. The only thesis that is ironclad is probably copper.