End-of-Day Market Summary PHCC – July 10, 2025

End-of-Day Market Summary – July 10, 2025

Bullish Divergence – China marches higher on physical and futures, while FOB faces confusion over bids and offers.

🔹 Oaky North Offer Lowered to $175–176 FOB

Despite repeated offer-down, no trades have been concluded below $180 FOB by miners on a fixed-price basis.

The market now watches closely whether miners will break this symbolic support level.

🔹 $180 Bid for Saraji/Peak Downs Sparks Doubt

A $180 FOB bid surfaced but was widely seen as non-genuine, adding to the confusion.

The current split between shorts and longs in the market is creating valuation inconsistencies and complicating PRA assessments.

🔹 Chinese Market Surges – Spot & Futures Rally

ANZE PHCC price now seen approaching RMB 1,250.

DCE Sep futures rallying sharply, supported by:

• Expected bullish tone from China’s July economics meeting.

• Mongolian holidays, which are set to drain port inventories.

• China's directive on high-quality development in Shanxi coal mining sector