End-of-Day Market Summary PHCC – October 15, 2025
- Met Coal Junkie
- 5 days ago
- 1 min read
End-of-Day Market Summary – October 15, 2025
Tone: Testing and divergent – Chinese price strength clashed with expanding seaborne supply, leaving the market to probe the true depth of Chinese demand.
Chinese PHCC Hits RMB 1,700 (~$210 FOB): Reports of a recent high in Chinese spot PHCC stirred controversy but set a bullish tone domestically, reaffirming strong internal fundamentals.
BHP Sells End-Nov Goonyella @ $189 FOB: The half-index, half-fixed deal landed within expectations, aligning with TSI November at $192, effectively valuing the parcel near $190 FOB.
Market Testing Chinese Demand: With China firm and seaborne supply expanding, traders are gauging whether Chinese buyers will sustain interest at current levels.
PLV–PMV Spread Set to Widen Further: As PLV maintains tight in supply and PMV continues to face pressure, the market setup favors further medium-term PLV out performance as Chinese market VIU prevails.
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