Tag: COVID-19
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Australian Coking Coal: Prices Slump As Market Faces Coronavirus-Led Demand Crunch
Australian coking coal prices have seen further downward momentum over the course of the week, with prices across all categories hitting multi-month lows, as subdued demand outlooks persist globally amid multiple lockdowns across numerous countries aimed at alleviating the coronavirus (Covid-19) pandemic. Yet, this sharp collapse in coking coal prices has failed to offset the dramatic…