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End-of-Day Market Summary PHCC – September 3, 2025

  • Writer: Met Coal Junkie
    Met Coal Junkie
  • Sep 4
  • 1 min read

End-of-Day Market Summary – September 3, 2025


October Bids Test PRA Spreads – Fresh October bids emerged for both Peak Downs and Goonyella at $187 FOB, directly challenging the current assessment of the PLV–PMV spread. However, it's likely Peak Down and Saraji spread may widen if the bid continues to focus on Peak Downs only. The Peak Downs bid is seen as linked to potential demand outside India.


DCE Jan Weakens Further – DCE January tested below RMB 1,100 and closed at RMB 1,078, dragged down as some Chinese steel margins slipped back into negative territory.


Tone: Bearish undertone, with bids holding the floor at $187 FOB, but weak Chinese steel fundamentals continuing to pressure sentiment.

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