While attention has been focused on the hefty downswings in the oil price caused by the collapse of demand from COVID-19 lockdowns, the coal price has been not insulated. Starting from US$70/tonne in January, the Newcastle benchmark price (6,300 kcl) has retreated to US$58.33/tonne. Such a rapid fall in prices may not yet be an existential moment for the global coal industry, but it is a hard blow for Indonesia, the world’s largest coal exporter.
Links:
[1] http://admin.indiaenvironmentportal.org.in/reports-documents/can-indonesian-coal-industry-survive-covid-19
[2] http://www.indiaenvironmentportal.org.in/files/file/Can-the-Indonesian-Coal-Industry-Survive-COVID19_May-2020.pdf
[3] http://admin.indiaenvironmentportal.org.in/category/publisher/institute-energy-economics-and-financial-analysis-ieefa
[4] http://admin.indiaenvironmentportal.org.in/category/thesaurus/indonesia
[5] http://admin.indiaenvironmentportal.org.in/category/thesaurus/coronavirus
[6] http://admin.indiaenvironmentportal.org.in/category/thesaurus/coal-industry