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

  • Writer: Met Coal Junkie
    Met Coal Junkie
  • Oct 3
  • 1 min read

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


Tone: Divergent and cautious – Market dynamics are shifting as traders tactically push tier one while trying to cool tier two, setting up a possible correction in relativity.


Tier One Supported, Tier Two Pressured: Attempts by traders to hold up tier one prices while easing tier two are increasingly visible. The relativity between the two grades may have peaked, with risks of correction.


2026 LTC Negotiations Begin: Some end users with calendar-year fiscal schedules have started discussions. Early signs suggest contentious talks.


Fragmented Market Outlook: Diverging views on quality relativity, index selection, and price outlook set the stage for a protracted negotiation season. Winter negotiations will be long and difficult.

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