End-of-Day Market Summary PHCC – September 9, 2025

End-of-Day Market Summary – September 9, 2025

Goonyella Two-Way Market Emerges – Globalcoal saw the same participant both bidding and offering late-October Goonyella at $186/$194 FOB, setting the midpoint at $190.

Speculation on BHP Peak Downs – Market chatter focused on the whereabouts of BHP’s potential mid-October Peak Downs. In SEA, only Hoa Phat showed interest, leaving Japan and Korea as likely buyers, though Korea just concluded a PHCC purchase last month.

India Improving, But Not Enough – Indian demand recovery continues steadily, yet remains insufficient to absorb the growing tonnage, keeping non-India markets critical to balancing supply.

Non-India Demand Glimmers – Early signs of demand recovery outside India are surfacing, but whether such interest from SEA or Northeast Asia can sustain remains uncertain.

Tone: Cautiously constructive, with both Indian and non-Indian interest showing, but sustainability of ex-India demand remains the decisive factor.