End-of-Day Market Summary PHCC – April 22, 2025
- Met Coal Junkie
- Apr 22
- 1 min read
End-of-Day Market Summary – April 22, 2025
Market sentiment is mixed—paper weakens, but physical market shows signs of resilience. Watch for non-Indian demand, which could quickly tip the balance.
BHP Initiates June PMX Interest Collection: BHP has started collecting interest for 1 Panamax GYC loading June 1–10.
DCE Hits Record Low: The Dalian Commodity Exchange touched a record low today, reflecting broader bearish sentiment in futures markets.
TSI Market Corrects Down: In line with the DCE, TSI corrected lower.
Indian Pre-Monsoon Demand Emerging: Despite weaker paper, physical demand from India is starting to pick up, with pre-monsoon restocking activity gradually surfacing.
Fundamentals Balanced but Slightly Tight: Spot fundamentals remain broadly balanced, but marginal tightness persists, especially with spot supply just covering Indian demand.
Indonesian Cokeries Actively Seeking PHCC: Indo-based cokeries continue to be active in the spot market, particularly for Premium Hard Coking Coal, lending additional support to the physical side.
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