Name: Adjusting to a new metallurgical coal pricing system: Quarterly contract price round-up Q2 2017
Brand: Wood Mackenzie
SKU: 70557
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Author: Wood Mackenzie

Insight 27 July 2017

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            <h3 class="mega store_featured_content_extrabold store_font_black">Report summary</h3>
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Quarterly hard coking coal contracts signed for Q2 2017 represent the start of a new era: life without bilateral price negotiations. The change has undoubtedly been disruptive, and there remains uncertainty over how price negotiations, and price formation, will develop over time. At this stage the impacts seem to be most keenly felt amongst small and mid-sized companies, that relied on the certainty provided by the industry's price-makers. Time will tell whether there are any real winners or losers, or whether the long-term effect is limited to just more complicated accounting. But in the short term there have been some observable impacts that are making life difficult, especially for the trade's price-takers. In this insight, we take a look at some of them.</div>
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                    <h3 class="alpha push-half--bottom">Table of contents</h3>

<li class="list__item-toggle font-semibold">
        1. Provisional pricing is here to stay
    </li>

<li class="list__item-toggle font-semibold">
        2. Transparency has declined
    </li>

<li class="list__item-toggle font-semibold">
        3. Finalising PCI and SSCC prices is proving difficult
    </li>

<li class="list__item-toggle font-semibold">
        4. Development of indices and derivatives should accelerate
    </li>

<li class="list__item-toggle font-semibold">
        5. Price relativities will be changeable until new price mechanism settles down
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<li class="list__item-toggle font-semibold">
        China continues to drive stronger pricing
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<h3 class="alpha push-half--bottom ">What's included</h3>
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<ul class="list"><li class="list__item-icon push-half--bottom"><svg class="list__image-icon" width="13.9" height="17.2" viewBox="0 0 13.9 17.2"><title>Document</title><g fill="#232323"><path d="M13.8 3.5L10.3.2c-.1-.2-.2-.2-.3-.2H1.5C.7 0 0 .7 0 1.5v14.2c0 .8.7 1.5 1.5 1.5h10.9c.8 0 1.5-.7 1.5-1.6V3.8c0-.1 0-.2-.1-.3zm-3.4-1.8l1.7 1.6h-1.7V1.7zm2 14.4H1.5c-.2 0-.5-.2-.5-.5V1.5c0-.2.3-.5.5-.5h7.8v2.9c0 .2.2.5.5.5h3.1v11.3c0 .2-.2.4-.5.4z"></path><path d="M11.1 6.3H3.7c-.2 0-.5.2-.5.5s.2.5.5.5H11c.3 0 .6-.2.6-.5s-.3-.5-.5-.5zM11.1 12.6H3.7c-.2 0-.5.2-.5.5 0 .2.2.5.5.5H11c.3 0 .6-.2.6-.5-.1-.3-.3-.5-.5-.5zM3.7 10.4H11c.3 0 .6-.2.5-.5 0-.2-.2-.5-.5-.5H3.6c-.2 0-.5.2-.5.5 0 .2.2.5.6.5z"></path></g></svg>
<p class="font-regular" >Insight metallurgical coal quarterly price settlement Q2 2017.xls</p>
<p class="uppercase delta">
    <span>XLS</span>
    <span>196.50 KB</span>
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<p class="font-regular" >Adjusting to a new metallurgical coal pricing system: Quarterly contract price round-up Q2 2017</p>
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    <span>PDF</span>
    <span>255.27 KB</span>
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