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PLV FOB remains firm with multiple PHCC buyers in India and Southeast Asia still uncovered. Branded miner supply is thin, and while Chinese reloads continue pushing hard to attract interest, their ability to satisfy regional demand is uneven. SEA buyers may consider these reloads, but Indian appetite for such tonnes is limited, leaving the market structurally short of GYC in the near term. With genuine demand still to be filled and limited miner-direct liquidity, the PLV FOB

Quick Perspective: PHCC pushes 205–210 FOB alongside a ~230 CFR India deal, within expectation . Soft Indian steel hasn’t translated into downside pressure yet as buyers remain uncovered for January, and traders' positions thin out. Until miners start offering more Jan tons, the market stays propped up.

A U.S. official told CBS News on Tuesday that Ukraine's government had "agreed to a peace deal" brokered by the Trump administration to stop Russia's nearly four-year assault. The American official and Ukraine's national security adviser Rustem Umerov said a common understanding on a proposal had been reached, with details still to be worked out. Umerov voiced optimism that Ukrainian President Volodymyr Zelenskyy could travel to Washington before the end of November to finali

End-of-Week Market Summary – November 17–21, 2025 Tone: Supported but vulnerable – FOB holds firm on tightening trader supply and seasonal risks, even as China’s futures-led correction tempers sentiment. FOB PHCC Holds $195–200 Range: Traders’ inventories are thinning out, helping maintain the $195–200 FOB band. The GYC trade at $200.10 FOB sat at the high end of valuations, but the buyer’s earlier $196+ cargo brings its average closer to ~$198 FOB, making the purchase logica

Chinese tariffs on US coals remain at 28%

End-of-Week Market Summary – October 27–31, 2025 Tone: Diverging and uncertain – Market oscillated between policy-driven optimism and fundamental caution, as China-led sentiment met the reality of rising supply and slower end-user momentum. Policy vs. Reality: The week swung sharply between U.S.–China policy enthusiasm and fundamental correction, exposing the fragile balance between macro expectations and physical coal demand. Seaborne Cargo Count Nears 500kt: With miners and

End-of-Day Market Summary – October 22–23, 2025 Tone: Bullish and rebalanced – China’s emergence as the marginal buyer has redefined market dynamics, lifting PLV above PMV and reinforcing confidence across both paper and physical markets. Multiple PLV Cargoes Trade Near $190 FOB: Several PLV parcels were sold to Chinese end users and traders around $190 FOB, underscoring China’s increasing appetite and ability to absorb multiple Australian cargoes. BHP Sells Early-Dec GYC @ ~

End-of-Day Market Summary – October 21, 2025 Tone: Steady and rangebound – Chinese fundamentals remain firm, while seaborne liquidity stays limited, keeping prices anchored around key support levels. Shanxi spot phy China stays firm, but liquidity of Canadian PHCC at Chinese ports remains thin. 190 fob remains a good support level.​

BHP’s Q1 FY26 metallurgical coal production rose 8% year-on-year to 9.73 Mt, led by Goonyella’s strong output, while overall sales slightly lagged production and average realised prices softened 16% from a year earlier, leaving margins positive but narrower under stable cost guidance.

End-of-Day Market Summary – October 16, 2025 Tone: Defiant and recalibrating – Despite persistent bearish narratives and lower index prints, actual trades continue to reaffirm market strength, prompting reflection on structural pricing distortions. DCE and TSI Recover in Tandem: DCE Jan rebounded above RMB 1,180, en route to the key 1,200 level, while TSI November climbed back to $195, reinforcing steady underlying sentiment. BHP Sells Early-Dec GYC @ $190 FOB (Fixed): The 75

End-of-Day Market Summary – October 15, 2025 Tone: Testing and divergent – Chinese price strength clashed with expanding seaborne supply, leaving the market to probe the true depth of Chinese demand. Chinese PHCC Hits RMB 1,700 (~$210 FOB): Reports of a recent high in Chinese spot PHCC stirred controversy but set a bullish tone domestically, reaffirming strong internal fundamentals. BHP Sells End-Nov Goonyella @ $189 FOB: The half-index, half-fixed deal landed within expectat

End-of-Day Market Summary – October 14, 2025 Tone: Stabilizing and speculative – Chinese market resilience and policy-driven optimism lifted sentiment, even as seaborne trade stayed quiet. DCE JM Rebounds Sharply: Futures showed a V-shaped recovery from RMB 1,116 to 1,153.5, driven by renewed speculative buying after steel prices briefly broke recent lows in the morning and spot PHCC auction results showing stability in the afternoon. Mongolian Supply Hiccups Add Support: Min

End-of-Day Market Summary – October 13, 2025 Tone: Balanced but pressured – Seaborne market softened under PMV resell pressure even as domestic fundamentals in China stayed firm, with Indian coke makers emerging as a new demand pillar. PMV Resell Weighs on Market: Continued PMV resale offers near $189 FOB Australia dragged sentiment lower, keeping FOB values under pressure despite limited trade activity. China Spot Holds Firm: Domestic PHCC prices remain supported, though ste

End-of-Day Market Summary – October 10–11, 2025 Tone: Diverging but resilient – Despite trade-related macro noise, seaborne sentiment...

End-of-Day Market Summary – October 9, 2025 Tone: Bullish undercurrents emerging – A strong BHP trade and improving Chinese signals hint...

End-of-Day Market Summary – October 8, 2025 Tone: Firm but cautious – Chinese domestic stability and Indian market rumours are pulling...

End-of-Day Market Summary – October 3, 2025 Tone: Divergent and cautious – Market dynamics are shifting as traders tactically push tier...

End-of-Day Market Summary – September 30, 2025 Tone: Cooling but floor supported  – Pre-holiday restocking momentum fades, dragging...

End-of-Day Market Summary – September 29, 2025 Tone: Split and uncertain – Divergence between bearish Chinese arbers and bullish seaborne...

End-of-Day Market Summary – September 26, 2025 Tone: Supported but cautious – Market found repeated support near $190 FOB, with traders...