January 5th News: On January 5th, the coke market in Qujing showed a weak trend. The current price for secondary coke is reported at 1,845 yuan/ton, while off-grade coke is priced at 1,570 yuan/ton. Both prices are quoted as dry basis ex-factory prices, inclusive of cash and taxes.
Chempricehub's analysis of coke gives a bearish score of -1. The article points out that the coke market in Qujing is operating weakly, with secondary coke priced at 1,845 yuan/ton and off-grade coke at 1,570 yuan/ton, both as dry basis ex-factory prices inclusive of cash and taxes. This indicates 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 showing synchronized decline signals, the weak spot market situation 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, and it is expected that prices may continue to decline in the short term.
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