The epidemic situation in 2020 has undergone major changes in the global economy, and its impact on various fields. Ikai has performed strongly on the energy crisis. Indonesia, the world's first coal exporter at the beginning of the year, announced the suspension of coal exports within one month. With the news, global coal prices have once again Disturbing global energy market volatility

However, although Indonesia has resumed coal-related exports, the coal industry is still "precarious"

First, prices rise

In early February, Indonesia's benchmark coal price rose to US$188.38/ton. Demand is strong and supply and demand are tight. Coal prices are expected to continue to soar.

Australian coal prices have surged to a record high of more than $260 per ton this year from less than $100 per ton in the same period last year.

2. High demand or innovation

Although the world focused on low-carbon emissions last year and extreme weather events occurred frequently, under the influence of multiple factors, natural gas prices soared, the economy recovered rapidly, and coal prices soared. Strong demand was the main factor driving the soaring coal prices. For example, electricity demand has rebounded and global coal demand has rebounded, and Russia recently stated that it will expand coal exports to China. The export volume is expected to rise to 100 million tons. Compared with last year's coal exports to China of approximately 52 million tons, direct exports this year have doubled.