End-of-Day Market Summary PHCC – May 8, 2025
- Met Coal Junkie
- May 8
- 1 min read
End-of-Day Market Summary – May 8, 2025
Cautiously steady, with Chinese weakness pressuring sentiment, but tight seaborne supply and miner discipline keeping downside contained. The market is firmly in a wait-and-see mode, with BHP’s COI expected next week as the key catalyst.
BHP COI Unlikely This Week: With Platts observing a half-day tomorrow, it's now unlikely BHP will launch its COI this week. This extends market uncertainty around June GYC availability, keeping buyers sidelined.
DCE Continues to Slide: The Dalian Commodity Exchange hit new lows again, reinforcing a bearish undertone in sentiment.
Physical Market Softens in China: Chinese domestic PLV Anze traded near Yuan 1,280, just 10 yuan above previous lows, indicating that physical prices are somewhat tracking DCE weakness, particularly within the domestic Chinese market.
TSI Paper Dips, Then Rebounds: While TSI paper initially followed the bearish trend, it rebounded quickly, with $186 GYC bids met with no offers, reflecting underlying support in the seaborne physical market.
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