End-of-Day Market Summary PHCC – June 23, 2025
- Met Coal Junkie
- Jun 23
- 1 min read
End-of-Day Market Summary – June 23, 2025
Heavy and competitive – oversupply remains a burden on PLV FOB prices as regional alternatives increase. Buyers are cautious and content to wait for further downside. Market sentiment is stable but pessimistic.
Oaky North Cargoes Still Unmoved: Multiple Oaky North parcels remain unsold, as buyers hesitate. Sellers are now facing direct price competition from Chinese PLV offers into SEA, with netback values around $168 FOB Australia equivalent.
China-Reload Canadian PMV Offered FOB China: Market hears offers for Canadian PMV cargoes (re-exported from China) pegged at PLV CFR China index + $2–4, which roughly translates to $160 FOB China – a sharp alternative for CFR buyers.
China Coke Price Cuts Finish Fourth Round: The fourth round of Chinese coke price cuts has concluded with reductions of ¥50–55, leading to expectations of stabilization in the coke market, at least temporarily.
Limited Impact from Domestic Supply Disruptions: Safety checks caused minor disruptions in domestic Chinese coking coal output, but high mine inventories have largely offset the impact. The domestic coal market remains stable.
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