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How does the thermal coal market recover from Coronavirus?
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Report summary
Dale Hazelton, Head of Thermal Coal, presented the attached paper, (available in the REPORT DOWNLOADS section) at our 14th Indonesia Energy & Natural Resources Virtual Series on 1 July 2020. The coronavirus pandemic upended global economies and virus prevention measures drastically reduced power demand. Seaborne exports remained strong during this period causing prices to fall to their lowest level in 15 years. As the lockdowns ease, questions emerge such as: What is the impact the pandemic has had on demand? Where are prices in relation to costs? How have forecasts for the short and long-term evolved in light of the pandemic? And how does the market return to balance?
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