End-of-Day Market Summary PHCC – September 2, 2025
- Met Coal Junkie
- Sep 2
- 1 min read
End-of-Day Market Summary – September 2, 2025
FOB Market in Waiting Mode – Participants remain sidelined, waiting for fresh trades to set clearer direction. Sellers are standing firm, quoting either index-linked premiums or fixed prices above index, unwilling to concede to buyers.
No Rush to Liquidate – Despite a sizeable cargo overhang, sellers show no signs of urgency to offload, keeping market activity subdued.
October Outlook Critical – Both supply and demand expectations for October are becoming pivotal. The balance between additional supply releases and timing of demand recovery will determine whether $190 FOB holds as a benchmark level or faces downward pressure.
October Bids Reappear – A fresh bid for October GYC re-emerged at $187 FOB, dispelling concerns it wasn’t genuine. Uncertainty remains whether BHP has another GYC cargo to place. If the next laycan slips into November, sentiment could ignite sharply.
Tone: Neutral but tense, with sellers holding ground, buyers probing selectively, and the timing of BHP’s next cargo set to decide direction.
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