End-of-Day Market Summary PHCC – June 30, 2025

End-of-Day Market Summary – June 30, 2025

Mixed sentiment with softening DCE but firm physical cues; FOB traders running low on supply while miners may reclaim pricing power.

🔻 DCE Sep Coking Coal Corrects on Mine Recovery Confirmation

After a sustained rally, Sep DCE futures retreated today on news of domestic mine production recovery—broadly expected and priced in—but the move tempered recent bullish momentum.

📈 China Physical Coal Strengthens Despite DCE Dip

Spot physical coking coal in China saw firmer prices, with some upticks recorded. Despite futures softening, domestic demand and reduced inventory have supported physical transaction values.

⚖️ TSI July Holds Firm at $175–176

TSI July paper remained stable with low volatility, showing some resistance to the DCE-led dip. Market still awaits clarity on physical resupply and further end-user buying.

🛳️ GYC Supply Dwindling in Trader Hands

Only ~half a Panamax of GYC reportedly left in trader control, with the rest held by miners. This may shift market leverage back to miners, especially if Indian buying interest materializes further.

🆕 Mid-August BHP COI Expected This Week

Rumors of a BHP mid-August COI are circulating. Market participants are closely watching whether BHP sells at or above recent traded levels to gauge direction.