COKING COAL DAILY: Seaborne PCI fob and cfr prices diverge

Seaborne pulverized coal injection (PCI) prices in the fob and cfr markets diverged on Tuesday February 2 amid differing market sentiments in a quiet day for trading.

Fastmarkets indices
Premium hard coking coal, fob DBCT: $156.79 per tonne, up $0.25 per tonne
Premium hard coking coal, cfr Jingtang: $217.73 per tonne, unchanged
Hard coking coal, fob DBCT: $133.07 per tonne, unchanged
Hard coking coal, cfr Jingtang: $203 per tonne, unchanged
No transactions were heard today, sources told Fastmarkets on Tuesday.

Several sources interviewed...

Immediate trigger for crash was new Fed Chairman pick

Gold stocks slump on metal price decline

Is the gold market starting to turn 'irrationally exuberant'?

Gold stocks explode up as equity markets languish

Gold stocks outpace flat large caps