On January 5, the coke market in Qujing showed a weak trend, with the price of second-grade coke quoted at 1,845 yuan/ton and off-grade coke at 1,570 yuan/ton, both on a dry basis, ex-factory, cash, and including tax. PriceSeek's analysis of coke indicates a bearish score of -1. The article points out that the coke market in Qujing is operating weakly, with second-grade coke quoted at 1,845 yuan/ton and off-grade coke at 1,570 yuan/ton, both on a dry basis, ex-factory, cash, and including tax. This suggests weak demand in the spot market, possibly due to oversupply or reduced downstream procurement, putting downward pressure on spot prices. Combined with recent data on the main futures contracts in the coke market, such as price fluctuation trends indicating synchronized declines, the weak spot market sentiment will amplify bearish sentiment in the futures market, increasing the risk of further price declines. Therefore, the score of -1 reflects a generally bearish impact, with expectations that prices may continue to decline in the short term.
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