End-of-Day Market Summary PHCC – June 11, 2025

End-of-Day Market Summary – June 11, 2025

Bearishly quiet. The market feels like the calm before another down move. Opportunistic bids are circling, but sellers may need to capitulate further to stimulate real trade.

Oaky North Finds Opportunistic Interest at Lower Levels: There is some interest for Oaky North cargoes, but only at significantly lower levels around $170 FOB, a sharp discount to recent prints. This reflects the lack of urgency among buyers amid a weak market tone.

Need-Based Demand Lacking: With most buyers sufficiently covered or able to access alternatives, need-based demand is scarce, limiting any short-term price support.

Market Feels Quiet, But Heavy: Despite the calm, sentiment suggests another leg down may be imminent, as the supply overhang from resell cargoes continues to weigh on PLV-linked benchmarks.