Tag: Plunge

Impact of COVID-19 on Australian Thermal Coal Market

May 14, 2020

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by

Aditi Tiwari

in Non Coking

A drop in global demand due to the COVID-19 crisis and no substantial curtailment in domestic mining operations had a precarious impact on Australian thermal coal prices. The country’s spot prices for 6000 kacl/kg coal are being reported at USD 51/MT, FoB basis, down by USD 20/MT in a month and lowest since 2016. On…