South Africa’s coal indexes hit 13-year highs, reaching over $130 a tonne. According to experts, coal prices may continue to increase in the short term due to limited supply.
The price of domestically produced NAR 5500 kcal/kg coal at Qinhuangdao port exceeded $163/ton. Due to the increase of the COVID-19 epidemic in China, the Shaanxi provincial government has announced the temporary closure of some mines. In addition, the Chinese government made a requirement that ships carrying coal from Indonesia must stay at sea for at least 14 days before docking in Chinese ports.
The price of Australian thermal coal fell below $160/ton due to a decrease in trading activity of Asian buyers.
The supply cut in the context of the worsening epidemiological situation in Indonesia has supported the price of Indonesian coal 5900 GAR to reach 120 USD/ton.
A shortage of Australian coking coal due to strong demand and scheduled maintenance at several Australian mines has positively impacted Australian coking coal prices to reach $215/ton.

Source: thecoalhub.com

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