SINGAPORE (June 19): The Covid-19 outbreak has caused already soft coal prices to weaken further as demand for energy drops. With prices now hovering at around US$53 ($73.88) per tonnne, coal producers face further strain. “Coal prices are obviously dependent on demand-supply dynamics,” Geo Energy Resources CEO Tung Kum Hon told The Edge Singapore in a recent interview. While he is betting on coal prices moving over US$30 per tonne in 2021, it may take some time before prices recover to 2018 levels of US$45 per tonne.

Have a premium account? Sign in to continue reading.

Unlimited access to all stories from $99.9/year*

The latest reporting and analysis from business and investments to news and views on social issues.


  • Simultaneous logins across all devices
  • Instant access to past digital issues
  • Unlimited access to The Edge Malaysia
  • *For annual subscription plan only. T&Cs apply