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End-of-Day Market Summary PHCC – September 26, 2025

  • Writer: Met Coal Junkie
    Met Coal Junkie
  • Sep 26, 2025
  • 1 min read

End-of-Day Market Summary – September 26, 2025


Tone: Supported but cautious – Market found repeated support near $190 FOB, with traders exploiting paper contango to secure cargoes, while fundamentals show supply recovery offset by arbs redirecting volumes back to China.


BHP Sold Mid-Nov Goonyella at $191.6 FOB: BHP sold to JSW International at $191.6 FOB for a mid-November GYC laycan, reinforcing $190 FOB as a solid support level.


Paper Arbitrage Activity Expands: More traders are leveraging the paper contango structure to buy physical cargoes against higher forward paper prices, capturing market share.


India Fundamentals Slightly Tightened: While overall supply recovery continues, arbitrage flows of cargoes back into China are preventing India from seeing an oversupplied arrival market, sustaining support for FOB levels.

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