Opinions

Quick Perspective: TSI Jan is trading at the upper band near 209, following today’s 206.51 FOB GYC trade, but is likely to meet resistance shortly. The opportunistic 210 FOB China PHCC offers amid rapidly falling spot physical prices in domestic China should act as a natural brake on further PLV FOB gains.

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.

FOB market has broken above $200, supported by the emergence of ex-India demand. Fresh SEA buying interest for 1–2 PMX of GYC is now competing directly with the two traders already holding GYC position cargoes — on top of India’s ongoing GYC requirements. With demand stacking up against limited December/January GYC availability, the market is now positioned to test the $205–210 FOB range in the near term.

Quick Perspective Market continues to trade within a 195–200 FOB band, but the drivers have shifted. Earlier on, support came mainly from firm Chinese PHCC values. However, with DCE softening, arb-based cargoes have turned competitive again — illustrated by the 205 CFR China trade from an arb trader to an end user. As highlighted before, these arb cargoes are limited in volume, and the repeatability of 205 CFR is highly questionable from the seller side. Today, support for th

Market View (Short-Term Outlook) The market is trading within a narrow 195–200 USD/t FOB range  in the near term. China:  Spot sentiment remains firm with a tightly balanced supply–demand picture. Domestic spot Shanxi PHCC is already trading at 210–220 USD/t FOB equivalent , but end users are reluctant to lift seaborne PLV above 195 FOB , staying anchored to long-term contracts. As a result, 195 FOB acts as a strong floor , while 200 FOB stands as a psychological resistance  

Met Coal Benchmarks: The Battle Between Precision and Simplicity The metallurgical coal market is watching two major index...

Quick Perspective – Can 180 Hold? Executive Summary: 180 FOB is more a fragile checkpoint than a firm floor, with 175 the next test...

Queensland’s top-tier coal royalty—the headline 40% clip above A$300/t—has become the market’s lightning rod. The chorus is getting...

Executive Summary: In late July, coking coal surged in a sentiment-driven rally, hitting five consecutive limit-ups before collapsing...

Anglo American is making steady headway toward reopening its Grosvenor underground coal mine in Queensland, nearly a year after a gas...

If Brent crude pushes toward $80/bbl  amid rising Middle East tensions, freight markets will be reacting fast. For the coking coal...

Executive Summary: PLV FOB prices are once again approaching the $160 mark, raising the question of whether such levels are realistic. In...

In order to meet the 2025 pig iron production target of 809.37 million tons (derived from the rumoured 50 million crude steel cut), daily...

Here’s the timeline and estimated production loss from the Oaky Creek underground water inflow incident: If the recovery is short-term...

On April 18, 2025, Vulcan Mozambique, owned by India’s Jindal Group, revealed it will cut over 350 jobs at its Moatize coal mine in Tete...

PLV FOB Weekly Recap – Structured Summary Early Week: Market started slightly soft as traders digested news of additional Glencore tons ....

Peabody Energy has delayed a planned $500 million private debt raise intended to refinance part of a $2.1 billion bridge loan linked to...

Based on the information in the Appin Mine Annual Review FY24 , it is highly likely  that a longwall movement (specifically from LW710B...

Sydney, January 29, 2025 – Whitehaven Coal has aggressively increased its metallurgical coal sales, reducing stock levels by 38%...

A Morgan Stanley's report released on 21 Jan 2025 explores the global implications of China's "Steel Reform 2.0," anticipated to launch...