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Fastmarkets indices Premium hard coking coal, cfr Jingtang: $408.51 per tonne, down $0.42 per tonne
Hard coking coal, cfr Jingtang: $385.67 per tonne, unchanged
Premium hard coking coal, fob DBCT: $248.90 per tonne, up by $4.92 per tonne
Hard coking coal, fob DBCT: $212.40 per tonne, up by $4.50 per tonne
Fastmarkets weekly PCI indices PCI low-vol, cfr Jingtang: $ 218.49 per tonne, up by $16.24 per tonne
PCI low-vol, fob DBCT: $200.30 per tonne, up $38.44 per tonne
A 750,000-tonne cargo of premium hard coking coal in the HCCLV brand segment was traded at $248 per tonne fob Australia on Friday, sources told Fastmarkets.
The new deal pushed the premium hard coking coal price to over $245 per tonne fob Australia, with the hard coking coal fob price also following the uptrend, sources in Singapore and India said.
Fastmarkets’ weekly index for PCI low-vol, fob DBCT soared upward on Friday, by over $30 per tonne in one week.
“It’s partly caused by the increases on premium hard coking coal and hard coking coal prices, which gave supports to PCI prices,” a trading source in Singapore said. “Moreover, there is limited supply in the spot market.”
In the fob market, premium hard coking coal and hard coking coal prices were relatively flat with no deals heard.
But Fastmarkets’ weekly index for PCI low-vol, cfr Jingtang jumped to $218.49 per tonne on Friday.
Railway transport in Russia has not been smooth in the week to August 27.
“It’s due to the shortage of railway wagons for PCI. I haven’t heard any transactions of Russian PCI in the spot market this week,” a trading source in Beijing said, referring to the week to August 27. The source added that the increase in the PCI cfr price was related to the rise in hard coking coal prices over the week.
Another trading source in Beijing said that the delivery of Russian PCI in long-term contracts was delayed because the railway wagons for PCI were allocated to other usages.
Dalian Commodity Exchange The most-traded January coking coal futures contract closed at 2,523 yuan ($389.16) per tonne on Friday, down by 13.50 yuan per tonne.
The most-traded January coke contract closed at 3,164.50 yuan per tonne, down by 51 yuan per tonne.