Metal Bulletin launched two daily low-vol pulverized coal injection (PCI) indices on Monday September 10 in response to market feedback on the need for references tracking this segment of the coking coal market.
Metal Bulletin's cfr China Low-vol PCI Index stood at $141.05 per tonne during the day, while the fob Australia index was at $129.89 per tonne."There is appetite in China for mid-vol PCI that can be used for coking purposes amid rising coking coal prices," a buyer source in the country said. Meanwhile, in the ex-China market, quarterly contract prices for October-December shipments of PCI have yet to be agreed.For the July-September period, a major north Asian steel mill...