COKING COAL DAILY: More downside for PCI prices despite latest tumble

The low-vol pulverized coal injection (PCI) segment of the seaborne coking coal market - particularly the fob Australia one - tumbled on Monday June 17 with a cargo changing hands nearly $10 per tonne below prevailing levels.

A miner sold a shipment of low-vol product in that segment, scheduled for loading over July 8-17, to a Chinese trader at $121.28 per tonne fob Australia via a tender during the day, various sources told Fastmarkets. The same brand of materials was sold about a month ago to an Indian end user at $130 per tonne fob Australia. But Chinese market participants still found the transaction price to be higher than what they had expected amid the availability of cheaper Russian PCI...


Sophie Zhao

June 17, 2019

11:45 GMT