On January 16, the price of coking coal in the Shenyang market declined. The ex-factory price of lean coal with specifications A10.0, S1.6, V17, G30 was 1,160 yuan/ton, inclusive of tax and in cash. PriceSeek's analysis of coking coal indicates a bearish sentiment score of -1. The report highlights that the drop in coking coal prices in the Shenyang market on January 16, with lean coal priced at 1,160 yuan/ton ex-factory, inclusive of tax and in cash, suggests an oversupply in the spot market or weak demand, leading to increased downward pressure on prices. Combined with data from the Dalian Commodity Exchange coking coal futures (e.g., the closing price of the main contract 2605 at 1,187.5 yuan/ton, with a change of -11), the spot price decline may reinforce the downward trend in futures, as futures prices have been falling for several consecutive days (e.g., the settlement price of contract 2607 at 1,223 yuan/ton, with a change of -17). Overall, this exerts a generally bearish influence on coking coal prices.