End-of-Day Market Summary PHCC – June 9, 2025
- Met Coal Junkie
- Jun 9
- 1 min read
End-of-Day Market Summary – June 9, 2025
Bearish momentum continues to build. The market is absorbing a steady stream of resell cargoes from Chinese steel mills, with no strong buyer response. PMV remains structurally tighter, but without BHP stepping in, index-linked PLV sales may continue to drag the overall tone.
TSI Paper Drifts Lower: June traded at $181, down from $183, and July at $178, down from $179. Paper weakness continues to follow bearish sentiment around PLV supply.
Oaky North Offer Held at $181 FOB: Despite no change from the last traded level, the market widely expects the offer to drift lower, possibly toward $170 FOB in the coming days as more resell cargoes surface.
BHP Still on Sidelines: No new spot GYC cargoes have been offered. Market remains on alert for any mid-July or late-July offers that could stabilize PMV sentiment.
North Goonyella Resale Heard: A partial vessel of North Goonyella is reportedly in the market, adding to the emerging theme of resell offers and capping any upside.
Comments