End-of-Week Market Summary PHCC – November 17–21, 2025

End-of-Week Market Summary – November 17–21, 2025

Tone: Supported but vulnerable – FOB holds firm on tightening trader supply and seasonal risks, even as China’s futures-led correction tempers sentiment.

FOB PHCC Holds $195–200 Range:

Traders’ inventories are thinning out, helping maintain the $195–200 FOB band. The GYC trade at $200.10 FOB sat at the high end of valuations, but the buyer’s earlier $196+ cargo brings its average closer to ~$198 FOB, making the purchase logical.

Rainfall Season May Spur Defensive Buying:

As Australia enters the heavy rainfall window, international end users often secure additional buffer tonnage to protect against port or mine disruptions.

If this pattern repeats, seasonal pre-emptive buying could lend fresh support to the FOB market.

Chinese DCE Drops Sharply:

DCE fell ~100 Yuan, a much larger correction than expected, dragging down market sentiment.

However, pig iron production remains elevated, providing a fundamental anchor and reducing the likelihood of a major correction in Chinese spot PHCC during November.