Oil and LNG are also on their way down so likely coal will follow suit.
I don't think we'll see the lows of 2020, though, as rig counts are still well down from (2019) pre-pandemic levels. That should limit supply of gas coming onto the market and so help give coal a floor.
If Delta gets worse demand could fall to match supply and then prices could fall further.
Ann: South Africa Result - July 2021, page-18
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