End-of-Day Market Summary PHCC – September 1, 2025

End-of-Day Market Summary – September 1, 2025

DCE Weakens on Steel Inventory Build and Coke Cut – DCE Jan briefly dipped below RMB 1,100 before closing at RMB 1,118, pressured by rising steel inventories and a fresh coke price reduction.

TSI Oct Dips with Paper – TSI October touched $186 FOB in line with DCE weakness, though no follow-through selling emerged.

Supportive Bids Emerge – A bid for 2H Oct GYC at $187 FOB surfaced, but market participants viewed it more as an attempt to hold sentiment than a reflection of real demand.

Tenders in Focus – The market now awaits the outcome of Kalyani and JSL tenders, which are expected to provide clearer direction for near-term demand.

Tone: Cautiously bearish, with paper and coke-led weakness dominating, while FOB bids and upcoming tenders are being closely watched for signs of real support.