Insight
Ukraine/Russia conflict supercharges PCI bull run
Report summary
Russia's place amongst the largest seaborne metallurgical coal exporters is without question. Though the Ukraine/Russia conflict has many end-users questioning where these coals now fit into their blends. Of particular concern is Russia's position as a key PCI supplier to many global steel mills. Some regions are particularly vulnerable as they rely heavily on Russian cargoes. Sanctions have created a two tiered market with ex-Russian PCI selling at a significant premium to historical values. Prices are factoring in risk premiums but for how long. Russian PCI can be purchased at deep discounts with many caveats. Buyers are trying to pivot away from Russia though can they truly reduce their reliance.
Table of contents
- Russian coking and PCI supply
- Russian PCI dependency
- Price
- Who or what can fill any potential PCI supply gaps?
Tables and charts
This report includes 4 images and tables including:
- 2021 Russian seaborne met exports by destination
- 2021 Russian seaborne PCI exports by destination
- PCI spot price and discounts to the Queensland PLV benchmark price
What's included
This report contains:
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