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.

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