China Can Afford It

Before this european crisis, asia would routinely represent 70 % plus of globlangy consumption. This year is different, because europe can't afford to lose those cargoes. So eureopes starting to price above asia prices. And instead of asia demand just growing as it planned to do, it had to draw up. You see places like pakiston and bungalow dash having to go through rolling blackouts because they can't afford spot ling prices. Part of it is absolutely price driven. But part of it is because europe got a little bit lucky that china wasn't active in the market this year. It's almost every year these days