Covid-19 to further weaken US coal demand in an already diminishing market

US domestic demand for thermal coal will fall during the second quarter of the year as individual states shut down much of the industrial economy to try and stem the spread of Covid-19.

This is according to Moody’s Investors Service, which states that, in broader terms, the global economy will experience an "unprecedented shock" in the first half of 2020 as a result of the coronavirus impacts.