PRICING NOTICE: Proposal to reduce frequency of low-vol PCI indices

Fastmarkets is proposing to reduce the frequency of its two low-volatility pulverized coal injection (PCI) indices to a weekly basis from a daily basis.

This is due to the illiquid nature of the spot market, which has been further affected by China’s ongoing ban on Australian coal.

The specifications with proposed amendments 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

The consultation period for this proposed amendment starts on Thursday February 11 and will end on Thursday March 11. The amendment, subject to market feedback, will be implemented on Monday March 15.

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 Li Min by email at: pricing@fastmarkets.com. Please add the subject heading FAO: Li Min, re: Fastmarkets PCI Index.

To see all Fastmarkets’ pricing methodology and specification documents go to https://www.fastmarkets.com/about-us/methodology.

What to read next
Fastmarkets launched a new price assessment for MB-GER-0006 germanium dioxide, in-whs China, on Friday May 10.
Chinese rare earth magnetic materials prices edged up this week after suppliers stood firm behind higher offer prices, market sources told Fastmarkets
Spot lithium carbonate and hydroxide battery grade prices in the seaborne Asia market were stable in the week to Thursday April 4, with conditions quiet due to a public holiday in China, sources told Fastmarkets
A bullish consensus formed last week in Shanghai as leading market participants met for the annual CPICC conference and Shanghai Pulp Week. Meetings were held against the backdrop of growing concerns around market pulp and woodchip supply, while questions remained around the strength of underlying demand. Heading into the week, the rally in pulp prices […]
The March 2024 monthly averages were published today based on the index values of March 1, 8, 15 and 22.
Recent developments in China’s pulp and paper industry, notably the divestment of the Anhui Huatai pulp mill, prompted a closer examination of the dynamics of swing pulp lines, particularly the delicate balance between dissolving wood pulp and paper grade wood pulp. The Anhui Huatai pulp mill, which suspended production in the first half of 2023, […]