Two market forces control the price of PCI coal, the price of hard coking coal and the price of
thermal coal. The upper price for PCI coal can be determined by the value of coke replaced and
the lower price is set by the value of HV PCI coal produced from washing a typical thermal coal to
an ash of less than 9%. Figure 1 show how the coal costs of a typical coke oven blend and the
thermal coal price influences the price range for LV PCI coals.
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Figure 1 A guide to the expected price range for low volatile PCI coals
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