End-of-Day Market Summary PHCC – June 20, 2025

End-of-Day Market Summary – June 20, 2025

Hesitant and fragile. The market is sitting in an uneasy standoff, with offers softening but buyers holding back. All eyes are on next week’s moves—one trade could shift sentiment, but the risk of further decline remains real if reselling continues unchecked.

• Oaky North Offer Repeats at $170 FOB, Still No Firm Bids: Despite the consistency of the offer level, the lack of takers highlights the ongoing mismatch in market expectations and acceptable value.

• Globalcoal Sees 161 FOB Bid – Gap Too Wide: A lowball bid emerged for end-July loading, but the bid-offer spread remained unbridgeable, and no trade was concluded.

• SEA and JKT Buyers Stay on the Sidelines: Despite earlier inquiries, no confirmed purchases of HCC or PHCC were made this week by Southeast Asian or JKT-region buyers, reflecting hesitation amid a weakening market.

• Market Pressured Yet Static: Despite growing supply pressure, actual trading activity remains subdued. The sense of waiting dominates, as buyers and sellers alike are reluctant to move first.

• Next Week’s Trades Will Be Decisive: The market is now focused on whether Oaky North trades next week and if any GYC indications from miners/traders emerge. These will set the tone and potentially determine the direction for July paper and physical benchmarks.