COVID-19 cases highest since the beginning of pandemic Buyers bidding up to $20/mt lower than offers: sources Indonesian coal supply tight, providing floor to prices Chinese thermal coal demand is expected to be bearish in the near term, as the country imposed movement restrictions in various regions amid rising COVID-19 cases, a development which is likely to soften Asian coal prices, market sources told S&P Global Commodity Insights March 16. Receive daily email alerts, subscriber notes & personalize your experience. Register Now The COVID-19 case count in China surged to its highest level since the beginning of the pandemic in 2020, which may curtail demand for thermal coal as several industries shut operations due to the lockdowns, sources said. Market sources expect Indonesian coal prices, which saw a bull run in the week to March 11 due to robust European and China demand amid the Russia-Ukraine conflict, to ease […]