End-of-Day Market Summary PHCC – June 17, 2025

End-of-Day Market Summary – June 17, 2025

Market sentiment is cautious with a minor rebound in paper and ongoing mining safety concerns, but the resell overhang continue to cap any bullish momentum. Buyers remain selective and unconvinced.

• Oaky North Offer Not Repeated: No fresh concrete offer for Oaky North was seen today. However, Baowu’s cargo and Exen’s partial parcel remain available, keeping the PLV resell overhang intact.

• BHP GYC Cargo Still in Market: The previously indicated GYC July laycan cargo remains unsold, continuing to weigh on the branded PMV sentiment, especially with limited end-user urgency.

• globalCOAL Activity Picks Up: A PD/SRJ bid emerged at $168 FOB, briefly lifted to $172 FOB, indicating opportunistic value-seeking activity but still below recent traded levels.

• TSI Paper Rebounds Slightly: July TSI paper recovered to $175 from a recent low of $172, but liquidity remains thin, and conviction is still lacking among participants.

• Appin Mine Safety Incident on June 13: A new injury incident at Appin mine raised concerns again about Australian mine safety. While it briefly spurred July paper from $175 to $178 on the 13th, the impact faded quickly. This adds to the growing list of incidents that may hinder production reliability.