End-of-Day Market Summary PHCC – September 11, 2025
- Met Coal Junkie
- Sep 11
- 1 min read
End-of-Day Market Summary – September 11, 2025
Tone: Bearish, with weak offers and coke cuts pressuring sentiment.
Low-Priced GYC Offer Hits Market – Vitol offered a prompt North Goonyella cargo to Tata at below $204 CFR India (two-port discharge), equivalent to ~$184.5 FOB. Prompt laycan cargoes lack the premium of later dates, but the low price still weighed heavily on sentiment.
China Coke Cuts Add Pressure – The second round of Chinese coke price cuts and rising steel inventories further undermined confidence, reinforcing downside risks.
Trader Length and Weak Demand – Traders continue to hold significant unsold GYC positions, while Indian demand recovery remains sluggish, leaving supply overhang unresolved.
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