End-of-Day Market Summary PHCC – May 29, 2025
- Met Coal Junkie
- May 29
- 1 min read
End-of-Day Market Summary – May 29, 2025
The market is in a delicate balance. Despite a bearish paper and Chinese environment, FOB Australia remains fundamentally well-supported. The next BHP sale will be pivotal in determining whether the market confirms a plateau or pushes higher.
Market Split Between Bearish China and Firm Seaborne Fundamentals: The met coal market remains divided, with Chinese domestic sentiment heavily bearish due to collapsing DCE prices and coke cuts, while seaborne PLV FOB fundamentals stay strong amid tight branded supply and steady Indian interest.
Uncertainty Around Next BHP Sale: Traders and end users are now closely watching when BHP will sell its next Goonyella cargo, and at what price the next post-conference GYC trade will settle. This will likely set the tone for near-term direction in both paper and physical markets.
Price Discovery Crucial Post-Singapore Conference: With the Platts coking coal conference concluding, the market now looks to see if GYC prices hold firm near $195 FOB, or if resistance emerges from traders and GYC-flexible buyers.
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