India’s shutdown for Covid-19 cleaves the Asian coal market
High quality Australian coal prices are holding up, while lower quality Indonesian coal is dropping back, writes Clyde Russell
26 March 2020 - 12:08
Launceston — Asia’s seaborne coal market is increasingly diverging between higher quality Australian coal, where prices are holding up despite the economic shock being caused by the coronavirus; and lower quality Indonesian fuel, which is losing ground.
The price of Australian benchmark Newcastle thermal coal futures traded on the Intercontinental Exchange ended at $66.35 a tonne on Wednesday, down slightly from the prior day but up from the low so far this year of $65.15 on March 9...
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