Australian low-volatile PCI coal rises by $150/t d-o-d

Australian low-volatile pulverised coal injection (PCI) coal prices stand at $600/t FOB, up $150/t d-o-d on 8 Mar’22 The astronomical surge in prices is due to panic buying by end-users as the spot supply of PCI coal has tightened following the Russia-Ukraine conflict. A spot trade heard at a steep price of $645/t for 40,000 t of South Walker Creek PCI reflects growing supply concerns among end-users.