End-of-Day Market Summary PHCC – July 1, 2025

End-of-Day Market Summary – July 1, 2025

Stable with cautious optimism; market watching tender outcomes and supply cues, while sentiment supported by firm Chinese physicals and narrowing PLV–PMV dynamics.

📌 TSI Flat Near $175 for July and August

TSI paper remained stable today, with July and August values holding around $175. Market is awaiting directional triggers from key events—most notably the Hyundai tender result and BHP’s expected COI tomorrow.

⚖️ GYC Finds Support Near $180 FOB

The GYC price level appears to be consolidating with market support near $180 FOB. A confirmed trade at this level or higher could firm the paper curve and reinforce miner confidence.

📉 PLV–PMV Spread Key to Index Direction

All eyes are on how PRAs assess the PLV–PMV spread this week. A narrowing spread would pull the index upward and compress arbitrage opportunities for resell cargoes.

📊 DCE Sees Controlled Pullback, Now Near RMB 800

DCE coking coal corrected further on mine recovery news but appears supported at ~RMB 800. While volatility has cooled, the futures market is still watching physical signals closely.

🌏 Mongolian Q3 LTC Firmer Than Expected

Mongolian long-term contract prices for Q3 didn’t fall as much as anticipated. This, alongside firmer Chinese physical spot prices, is keeping regional sentiment steady despite the DCE pullback.

🌫️ Pollution Watch in Tangshan Adds Risk Monitor

Environmental concerns in Tangshan are drawing attention. While there are no enforced production cuts yet, market participants are alert to potential supply-side restrictions that could trigger bearish sentiment for the coking coal market.

Join Week 27 Junkie Index here: https://www.metcoaljunkie.com/post/join-now-week-27-junkie-met-coal-sentiment-index