After a consultation period, Fastmarkets has amended the frequency of its two low-volatility pulverized coal injection (PCI) indices to weekly from daily pricing starting from March 15, 2021.
This decision was made due to the illiquid nature of the spot market, which has been further affected by China's ongoing ban on Australian coal imports.
All historical data relating to these prices prior to the amendment will remain available in the Fastmarkets pricing database.
The full specifications, with the amendment in italics, are as follows:
MB-COA-0007
PCI low-vol, cfr Jingtang, $/dmt Quality: VM (ad) base 13%; ash (ad) base 9%; sulfur (ad) base 0.5%; phosphorus (ad) base 0.1%; TM (ar)base 10%
Quantity: Min 10,000 tonnes
Location: cfr Jingtang
Timing: Seaborne, laycan within 60 days
Unit: USD/dmt
Payment Terms: Letters of Credit on sight
Publication:
Weekly. Friday at 6.30pm Singapore time
Notes: All origins
MB-COA-0008
PCI low-vol, fob DBCT, $/dmt Quality: VM (ad) base 13%; ash (ad) base 9%; sulfur (ad) base 0.5%; phosphorus(ad) base 0.1%; TM (ar)base 10%
Quantity: Min 10,000 tonnes
Location: fob Australia
Timing: Seaborne, laycan within 60 days
Unit: USD/dmt
Payment Terms: Letters of Credit on sight
Publication:
Weekly. Friday at 6.30pm Singapore time
Notes: Origin Australia
To provide feedback on these indices or if you would like to provide price information by becoming a data submitter to these indices, please contact Alice Li by email at:
pricing@fastmarkets.com. Please add the subject heading 'FAO: Alice Li, re: Fastmarkets PCI Index'.
To see all Fastmarkets' pricing methodology and specification documents go to
https://www.fastmarkets.com/about-us/methodology.