It's very interesting! Seems it's very difficult for Mercedes to get the tyres working well. Same trends as before this season. Red Bull definitely quicker over a lap and on the softs, but then pace seemingly coming to Mercedes in the race, especially on the other compounds along with better tyre life.
I'm sure they have some power left to come from the engine, but not enough to compete for pole. Could be behind the Red Bulls, Ferraris and maybe 1-2 others, just like in Monaco! Looks like they need circuits with long corners which really put some energy through the tyres.