End-of-Day Market Summary PHCC – October 9, 2025
- Met Coal Junkie
- Oct 9
- 1 min read
End-of-Day Market Summary – October 9, 2025
Tone: Bullish undercurrents emerging – A strong BHP trade and improving Chinese signals hint at renewed upside potential, with sellers regaining confidence.
BHP Peak Downs Sells @ $191.75 FOB: The early-November parcel cleared at a stronger-than-expected level, potentially inverting the PLV–PMV spread and reinforcing GYC’s role as the effective benchmark. PLV’s limited availability has turned it into a premium-supply story.
China Term Prices Lift Q4 Sentiment: With most Q4 LTCs adjusting upward, a rebound of DCE Jan toward RMB 1,200 appears likely, supported by tight domestic fundamentals.
TSI November Sellers Pull Back: Following the BHP deal and firmer DCE tone, paper market offers dried up, suggesting sellers see limited downside from current levels.
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