COKING COAL DAILY: PCI prices up on tight supply; NDRC meeting depresses futures again

Seaborne prices for low-volatility pulverized coal injection material (PCI) in both the fob and cfr markets in China have increased because of persistently tight supply, Fastmarkets heard on Friday October 22.

A trade was finally heard in the fob spot market on Friday. And China’s National Development & Reform Commission (NDRC) held a meeting during the morning to work out plans to tackle high coal prices, principally with regard to thermal coal.
Fastmarkets indices
Premium hard coking coal, cfr Jingtang: $615.40 per tonne, down by $0.12 per tonne
Hard coking coal, cfr Jingtang: $568.33 per tonne, up by $3.27 per tonne
Premium hard coking coal, fob DBCT: $400.85 per tonne, up by $1.97 per tonne

Hard coking coal, fob DBCT:...

Published

Min Li

October 22, 2021

12:00 GMT

Shanghai