End-of-Day Market Summary PHCC – May 12, 2025
- Met Coal Junkie
- May 12
- 1 min read
End-of-Day Market Summary – May 12, 2025
Macro optimism is driving TSI paper strength, but underlying physical and Chinese fundamentals remain same. The market stays in contango, awaiting clearer signals from both miner offers and demand recovery.
China–US Trade War De-escalation Lifts Sentiment: News of a de-escalation in China–US trade tensions, including tariff reductions, provided a bullish macro backdrop, lifting sentiment in the paper market despite soft fundamentals.
TSI Q3 Paper Jumps: TSI Q3 was quickly paid at $187, after previously being sold at $184—reflecting a rapid sentiment shift and maintaining a contango as markets price in improved global outlook.
DCE Fades After Strong Open: The DCE night session opened higher, but retraced to previous lows, underscoring continued weakness in Chinese domestic met coal fundamentals.
FOB Physical Market Quiet: Physical trading remained limited due to the Vesak Day holidays, with few fresh offers and low participation from both miners and end users.
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