End-of-Day Market Summary PHCC – April 28, 2025
- Met Coal Junkie
- Apr 28
- 1 min read
End-of-Day Market Summary PHCC – April 28, 2025
Bearish short-term bias, with spot and paper markets under pressure from resale rumors and improved supply outlook. Buyers cautious; sellers face growing resistance.
Rumors of Resale Cargoes Pressure Market: Talk of resale cargoes from both China and Japan is adding downward pressure, reinforcing perceptions of increasing spot availability.
Canadian Supply Enhances Buyer Confidence: Additional Canadian cargoes are boosting supply security, leading to less urgency to buy and a more patient stance from end users.
Paper Market Leads Decline: The paper market is now leading the downturn, with the front-month contract falling to below $184, reflecting weaker short-term sentiment.
Confidence in Higher BHP Trade Fading: Although some market participants initially expected a higher price print for BHP's next trade, confidence is fading as time drags on without a deal, making a stronger outcome increasingly unlikely.
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