As of January 12, coal prices of various calorific values at Qinhuangdao Port have risen to varying degrees: quotations for 5500K, 5000K, and 4500K thermal coal are reported at 703 yuan/ton, 717 yuan/ton, and 523 yuan/ton, respectively, representing increases of 18 yuan/ton, 29 yuan/ton, and 33 yuan/ton compared to the lows at the end of December. Chempricehub's analysis of thermal coal assigns a long-short score of +1. The report indicates a significant rise in thermal coal spot prices, with quotations for 5500K, 5000K, and 4500K increasing by 18 yuan/ton, 29 yuan/ton, and 33 yuan/ton, respectively, reflecting improved demand or tight supply, which is favorable for the spot market. The score is +1 (generally positive), as the increases, while notable, have not reached the level of a major event. Continued attention should be paid to subsequent changes in supply and demand.