The reference coal price in June is set lower at US$52.98 per metric ton (MT) of coal compared to last month $61.11 per MT of coal. The lack of economic movement makes the coal demand market also experienced a decline, especially from India and China.
The reducing coal supply from Indonesia could not be separated from the strong influence of COVID-19 impact, which limited the economic movements around the globe. In the midst of epidemic, there are a tendency for the transition to alternative domestic energy sources and has become the main trigger besides the result of improving China – Australian relations. The benchmark price has experienced a downward trend since COVID-19 was declared a pandemic by the Word Health Organization in mid-March.