End-of-Day Market Summary PHCC – July 14, 2025

End-of-Day Market Summary – July 14, 2025

Watchful Optimism – FOB market cautiously eyes DCE strength as Chinese sentiment builds.

🔹 FOB Market Cautious but Alert to DCE Momentum

Traders remain hesitant despite bullish signs from China.

The upside in DCE (Sep contract) remains intact with prices pushing above RMB 900.

Market sentiment is split between caution and the urge to follow the rally.

🔹 ANZE Rises to RMB 1,220

Chinese physical spot continues to climb, reflecting strong restocking sentiment.

With inventory drawdowns and reduced Mongolian inflows post-holiday, buyers are shifting toward domestic procurement.

🔹 Tier 2 FOB Supported, Tier 1 Still Lagging

Support levels for Tier 2 (e.g. Daunia) cargoes now firming on Chinese spillover demand.

Tier 1 (e.g. Saraji, Goonyella) remains slower to respond, awaiting stronger conviction.

🔹 China Macro Outlook Driving Bullish Setup

DCE bullishness is underpinned by growing expectations for economic stimulus or policy support post July Politburo meetings.

Steel production remains elevated, reinforcing coal demand in the short term.