End-of-Day Market Summary PHCC – June 10, 2025
- Met Coal Junkie
- Jun 10
- 1 min read
End-of-Day Market Summary – June 10, 2025
The market remains bearish but increasingly disoriented. Diverging Oaky North offers, fading Chinese support, and BHP’s silence have left participants unsure whether the floor is forming or if a new wave of weakness is near. Market may stay rangebound until a clear price signal or supply response breaks the deadlock.
Confusion Over Oaky North Offers: An Oaky North offer was submitted to PRAs at $183 FOB, but market chatter suggests another Oaky North offer that is already below $179 FOB. This disparity, possibly due to different sellers, has created uncertainty over actual market value.
BHP Expected to Stay Quiet: Having sold one PMX cargo last week, BHP is not expected to offer another this week, reducing visibility on branded PMV spot supply and reinforcing a wait-and-see mode among end users.
Chinese Prices Continue to Slide: Anze coal prices dropped another 10 yuan to RMB 1170, with further downside expected as domestic oversupply pressure fundamentals.
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