China spot coal price Index sees greatest weekly gain in 2014, page-5

While Chinese buyers have been making enquiries about second-tier hard coking coal and semi-hard materials, their Japanese counterparts were said to be looking for pulverised coal injection (PCI) products in their bid to increase production and productivity.

"[Japanese mills] are looking for low-volatility and low-ash PCIs, but it has been difficult to get them from Russia these days as they've been shipping to Ukraine," a source said.

Steel First's premium hard coking coal index for material sold on a cfr Jingtang basis was calculated at $123.09 per tonne, up by $0.59 per tonne. The cfr Jingtang hard coking coal index went down to $111.08 per tonne.

The fob Australia premium hard coking coal index rose by $1.91 to $113.40 per tonne, while the fob Australia hard coking coal index rose by $1.37 to $101.94 per tonne.

On the Dalian Commodity Exchange, the most-traded January coking coal futures contract closed at 750 yuan ($122.01) per tonne on Thursday, up slightly from 747 yuan ($121.60) per tonne a day earlier.

The most-traded January coke futures contract also edged up to 1,063 yuan ($173.04) per tonne, from its closing price of 1,060 yuan ($172.55) per tonne on Wednesday.

http://www.steelfirst.com/Article/3...l-coal-market-gains-leave-buyers-unfazed.html