End-of-Day Market Summary PHCC – May 2, 2025
- Met Coal Junkie
- May 2
- 1 min read
End-of-Day Market Summary – May 2, 2025
A quiet day in the market with a neutral to slightly firm undertone, driven by sentiment catch-up from benchmarks and expectations of renewed activity after the weekend.
Muted Trading Activity: The market saw a dull session, with most participants staying on the sidelines, awaiting next week’s cues from BHP and further spot clarity.
Price Reporting Agencies Lift Indexes: Most PRAs have now raised their FOB assessments to above $190, gradually aligning with recent physical trades and underlying market fundamentals.
Market in Pause Mode: With limited liquidity and no fresh trades, the tone was stable but cautious, as the market digests recent gains and prepares for potential action next week.
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