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.​

End-of-Day Market Summary – October 17, 2025 Tone: Irrationally bullish but fundamentally supported – Policy optimism and persistent supply concerns reignited momentum, pushing futures markets sharply higher despite lingering questions on sustainability. DCE Jan Breaks RMB 1,200: Futures surged past this key psychological threshold during the night session, driven by minor supply disruptions and policy expectations ahead of the upcoming government meeting. TSI November Tracks

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 6–7, 2025 Tone: Constructive and weather-watchful – Indian buying activity lent firmness to the...

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 – October 2, 2025 Tone: Benchmark-focused and steadying – Market corrected but hints of stabilization emerged...

End-of-Day Market Summary – October 1, 2025 Tone: Rumour-driven and tentative – Market opened Q4 with speculative noise fueling limited...

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...

End-of-Day Market Summary – September 25, 2025 Tone: Balanced, China-led – Market moved broadly in line with expectations, with BHP’s Nov...

End-of-Day Market Summary – September 24, 2025 Tone: Confused and distorted, as benchmark misalignment frustrates buyers but benefits...

End-of-Day Market Summary – September 23, 2025 Tone: Bullish in China, but benchmark distortions highlight fragility in FOB pricing....

End-of-Day Market Summary – September 22, 2025 Tone: Constructive, with Indian tenders and strong Chinese restocking demand supporting...