Tag: COVID-19

South African Thermal Coal Prices remain Subdued Post Easing of Lockdown Restrictions

May 12, 2020

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by

Aditi Tiwari

in Non Coking

Coronavirus lockdowns have adversely hit the thermal coal globally markets with the falling power consumption coupled with sluggish demand in its key consuming sectors (steel and cement). *South African thermal coal prices tumbled by 21% since the lockdown was announced in the country, from USD 68/MT in March to USD 53/MT in mid-May. *Market participants…