End-of-Day Market Summary PHCC – May 5, 2025
- Met Coal Junkie
- May 5
- 1 min read
End-of-Day Market Summary – May 5, 2025
Muted but watchful, with attention turning to BHP’s next move and whether Canadian supply can continue to anchor sentiment as Australian majors stay guarded.
Confusion Over GYC Offer: A Goonyella (GYC) offer near $209 CFR India—below last-traded levels—sparked some confusion in the market, especially given recent trades at $214–215 CFR.
Major Miner Quiet on PMV, Active on Off-spec: A major Australian miner has yet to show spot Premium Mid-Vol (PMV) availability, but is quietly selling multiple off-spec cargoes—likely aiming to avoid price discovery while meeting sales targets.
Switchability Between Canada and Australia in Focus: The interchangeability of Canadian and Australian PMV remains a key factor, with BHP’s upcoming indications widely viewed as the next major price driver.
China Market Soft to Stable: Chinese domestic coking coal market is expected to return post-holidays soft to stable, adding little immediate pressure or support to seaborne values.
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