End-of-Day Market Summary PHCC – May 19, 2025
- Met Coal Junkie
- May 19
- 1 min read
End-of-Day Market Summary – May 19, 2025
The market remains physically supported, with steady Indian demand and resilient FOB levels, even as DCE weakness persists. Additional interest from Middle East buyers adds a layer of demand diversity, helping offset bearish sentiment from China.
TSI June Holds Firm at $188–189: The TSI June contract remains well supported, trading in a tight $188–189 range, reflecting underlying stability in seaborne fundamentals despite weak sentiment from China.
Indian Buyers Still Seeking GYC: Indian end users continue to show interest in GYC cargoes, particularly for July/early August arrivals, but sellers are holding firm, showing no signs of distress selling.
DCE Extends Losses Amid Oversupply: The Dalian coking coal contract hit new lows again, driven by excess domestic Chinese coal supply, yet this has not translated into pressure on PLV FOB prices, which remain resilient.
Iranian Mills Reportedly in Market: Tier-two coking coal demand has emerged from Iranian steel mills, offering a new source of marginal demand.
PS: Junkie Met Coal Index Week 21 will be open for participation tomorrow. Stay tuned.
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