End-of-Day Market Summary PHCC – May 6, 2025
- Met Coal Junkie
- May 6
- 1 min read
End-of-Day Market Summary – May 6, 2025
The market remains watchful and cautiously firm, hinging on BHP’s next move. While China weakens, the seaborne paper market remains resilient, supported by miner discipline and expectations of limited GYC supply.
Focus on BHP’s June GYC Cargoes: All eyes are on BHP’s collection of interest for June Goonyella (GYC) cargoes this week. The volume offered will be critical in shaping near-term market direction.
No Pressure to Sell Low: Market participants expect BHP to maintain firm pricing, as they have possibly met sales targets through off-spec cargoes and appear under no pressure to sell prime GYC at discounts.
China Returns Weaker: The Chinese market reopened on a softer note, with DCE futures hitting new lows and domestic PHCC prices down by 10-30 yuan, reflecting weak domestic sentiment.
TSI Paper Holds Firm: Despite weakness in China, TSI paper held steady, with June contracts trading at $185.5–186, showing a disconnect from DCE and a more stable seaborne outlook.
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