Coal futures fell to a two-week low of $88 a tonne, as a new Covid-19 outbreak in India threatens demand while China steps up efforts to avert coal shortages in the upcoming summer peak. In mid-April, coal prices surged above the $82 level after mine accidents in China increased concerns that the government may tighten inspections. Meantime, China has been facing shortages in imports of coking coal from major supplier Mongolia after the Chinese authorities decided to impose stringent pandemic control at Ganqimaodu since late March. The price of coal is more than 70% higher from a nearly 4-year low of $50.45/tonne hit in August 2020, supported by government policies, particularly China’s ban on Australian coal imports and supply issues after producers cut on output as prices weakened during the height of the lockdowns across Asia.