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Quick Perspective: PMV Tightness Keeps $255–260 in Play

  • Writer: Met Coal Junkie
    Met Coal Junkie
  • 6 days ago
  • 1 min read

Quick Perspective:

The market retains a clear path to test $255–260 FOB should primary supply remain constrained. No further PMV cargoes from BHP are visible at this stage, while alternative suppliers remain quiet. Incremental PMV demand from India is expected to surface over the next two weeks, adding pressure to an already lagged demand profile. With cumulative deferred buying now exceeding visible primary supply, the downside appears well defended around $250 FOB, leaving room for further upside extension.

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