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...