End-of-Day Market Summary PHCC – August 11, 2025
- Met Coal Junkie
- Aug 11
- 1 min read
End-of-Day Market Summary PHCC – August 11, 2025
Tone is cautiously bullish, with optimism on paper but a reality check in physical execution.
Tier Two Shortage Drives Gains, TSI Sep Touches $200 – DCE Jan rebounded to RMB 1,256, lifting tier two valuations close to $180 CFR / $165 FOB. FOB market supply of tier two tightened notably as Chinese traders aggressively snapped up coals even like Tuhup and Mabu, pushing tier one valuation higher to $200, with TSI Sep trading at that level today.
Expectation Runs Ahead of Reality – Market sentiment continues to price tier one well above current transactional levels, but firm demand is still absent. GYC cargo holders are actively marketing through social media, yet mismatched pricing mechanisms—particularly for index-linked cargoes—are stalling deals.
Relativity Shifts Reflect Market Imbalance – The narrowing tier one–tier two relativity is now being driven by stronger tier two prices and softer tier one momentum, underscoring a market dynamic shaped more by the Chinese paper market.
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