On January 29, the coke market in Qujing showed a weak trend, with second-grade coke quoted at 1,795 yuan/ton and off-grade coke at 1,520 yuan/ton, both on a dry basis ex-factory cash price including tax. PriceSeek's analysis of coke indicates a bearish score of -1. The article reveals that the coke market in Qujing is operating weakly, with second-grade coke quoted at 1,795 yuan/ton and off-grade coke at 1,520 yuan/ton, both on a dry basis ex-factory cash price including tax. This suggests a sluggish spot market, insufficient demand or oversupply, leading to downward pressure on prices, which constitutes a bearish impact on coke spot prices. Combined with futures market data, the main coke contract, such as 2605, closed at 1,723 yuan/ton (up 30 yuan), indicating short-term support for futures prices. However, the weakness in the spot market may limit the upside potential of futures prices and increase the risk of future corrections. Overall, the weak price trend is assessed as a generally bearish factor, scoring -1.
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