End-of-Day Market Summary PHCC – April 24, 2025
- Met Coal Junkie
- Apr 24
- 1 min read
End-of-Day Market Summary – April 24, 2025
Near-term bullish bias sustained by firm miner stances and solid Indian demand, but medium-term caution lingers as supply slowly returns.
Active CFR India Trading at $205–210/mt: Multiple deals reported today on a CFR India basis at $205–210/mt, with Exen and Lotus cargoes sold—all taken up by Indian end users, reinforcing strong localized demand.
Traders Running Light on Cargo: Traders’ held positions are thinning, as ongoing buying momentum continues. Demand is emerging, but supply in traders’ hands is becoming limited.
Miners Regain Selling Power: Miners have taken back control of the selling page. BHP, in particular, is holding firm, unwilling to sell below index levels, tightening the floor in spot negotiations.
Oaky Creek Water Leak – Minimal Disruption: A minor water leakage at Oaky Creek was reported, but the market expects a swift recovery, with no material impact on broader supply.
Tight Fundamentals vs Softer Expectations: Although spot market remains firm, overall expectations have softened slightly with mine recoveries progressing. Still, fundamentals remain balanced-to-tight, particularly with Indian demand absorbing available tonnage.
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