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Jakarta, CNBC Indonesia – Coal price This week, the rally in the price increases that have occurred during the last month continues and has been above the level of US $ 65 / t.
This week, the reference price of coal on the ICE Newcastle (Australia) market has risen again by 4.55% annually. point by point. On the weekend, the price of coal closes above US $ 65 / t, to be exact at US $ 65.45 / t.
Amid the continued rise in cases of Covid-19 infection, which is the main threat from falling commodity prices, there is positive news about the development of the Covid-19 vaccine.
In the past 2 weeks, several vaccine developers reported on their preliminary analysis of the final results of their clinical trials. Pfizer, BioNTech and Moderna are the three developers who bring this good news.
The Covid-19 candidate vaccine they developed is claimed to have an efficacy rate of more than 92%. This can drive the prices of financial assets and raw materials, including coal, higher.
Earlier last week, it was claimed that the vaccines made by Pfizer and BioNTech were more than 90% successful in their late-stage clinical trials. The good news is that this week, the percentage of successful vaccines has increased antibodies in adults by up to 95%.
Aside from the Pfizer vaccine, Moderna also claims the same as the end-stage clinical trial success of up to 94.5%.
“This is a drive for improvement in the development of our Covid-19 vaccine candidate. Since the beginning of January, we have been searching for this virus as intensively as possible to protect humans around the world as much as possible. The positive test of the phase III study provides early clinical validation that a vaccine can prevent Covid-19. “said Moderna CEO Stephane Bancel.
In August 2020, Moderna said it was selling the vaccine at a price of $ 32 to $ 37 per dose to multiple buyers. However, when sales are large, the price can be much cheaper.
At the end of this year, Moderna said it was ready to ship about 20 million doses of the vaccine to the United States. Then next year, between 500 and 1 billion doses of vaccine will be distributed worldwide.
Indeed, Australian coal exports to China release but offset by increased imports from India, Japan and South Korea, which are the largest fossil energy consumers in the Asian region after China.
Exports to India in September this year were recorded at 5.97 million tonnes. However, India’s coal imports from Australia are predominantly coking coal and therefore have little impact on the price of thermal coal.
Outside of China, Australia’s main thermal coal customers are Japan and South Korea, providing a more positive image for Kangaroo coal miners.
Australian exports to Japan have increased slightly in recent months. Coal exports were recorded at 8.3 million tonnes in October and 8.45 million in September. Exports in those two months were the best since March.
Shipments to South Korea reached 4.95 million tonnes in October, an increase of 4.24 million in September and became Australia’s strongest export since December last year.
CNBC INDONESIA INVESTIGATION TEAM
[Gambas:Video CNBC]
(chd / chd)
