On February 5, the coke market in Qujing showed a strong price trend, with the current quotation for secondary coke at 1,845 yuan/ton and substandard coke at 1,570 yuan/ton, both on a dry basis ex-factory price including cash and tax. PriceSeek analysis of coke: Bull-bear score: 1. The article reports that the spot price of coke in the Qujing market is operating strongly, with secondary coke quoted at 1,845 yuan/ton and substandard coke at 1,570 yuan/ton, both on a dry basis ex-factory price including cash and tax. This indicates a tight supply-demand situation in the spot market, with price increases driven by improved demand or reduced supply, directly benefiting the spot market. Combined with coke futures data, the main contract 2605 closed at 1,738 yuan/ton, down 7 yuan for the day, with a decrease in open interest, reflecting cautious short-term market sentiment. However, the strength in the spot market may support a future rebound in futures prices, as futures prices typically reflect spot trends. Overall assessment: A moderately bullish score is given, and it is recommended to monitor the transmission effect of subsequent supply-demand changes on futures prices.
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