MYSTEEL: China faces rising Russian PCI coal prices amid supply shortage

Fueled by a consistent supply shortage, the import prices of Russian PCI (pulverized coal injection) coal in China have climbed continuously since the start of the second quarter, bucking the broader downward trend across the country's ferrous markets, Mysteel analyzed in its latest report.

Mysteel MSPDEX Russian low-Vol PCI - which assesses trading prices for seaborne cargoes of the coal grade on a weekly basis- came in at $151.66/t as of June 20, rising straightly from a multi-month low of $129.3/t recorded on April 11. PCI involves injecting pulverized coal into blast furnaces to