January 13th News
On January 13th, the metallurgical coke market in Jinzhong showed a weak trend. Currently, the quoted price for quasi-first-grade wet-quenched metallurgical coke in Jinzhong is 1,260–1,280 yuan/ton, quasi-first-grade dry-quenched metallurgical coke is quoted at 1,525–1,555 yuan/ton, and first-grade dry-quenched metallurgical coke is quoted at 1,695 yuan/ton. All prices are ex-factory cash prices including taxes.
Chempricehub Analysis of Coke:
Bull-Bear Score: -1
The article reports that the metallurgical coke market in Jinzhong is operating weakly. The quoted prices for quasi-first-grade wet-quenched coke are 1,260–1,280 yuan/ton, quasi-first-grade dry-quenched coke is 1,525–1,555 yuan/ton, and first-grade dry-quenched coke is 1,695 yuan/ton, all of which are lower than previous levels. This reflects a loose supply-demand balance in the spot market, weak demand, and downward pressure on spot prices.
Combined with coke futures data, the main contract 2605 closed at 1,745 yuan/ton, down 3 yuan, with a settlement price of 1,761 yuan/ton, a trading volume of 20,384 lots, and a decrease in open interest by 1,031 lots. Contract 2609 closed at 1,824 yuan/ton, down 6 yuan, with a settlement price of 1,837.5 yuan/ton, indicating increased bearish sentiment in the market and pressure on futures prices.
The overall score is moderately bearish (-1), as the weakness in the spot market aligns with the downward trend in futures, though no extreme fluctuations have occurred.
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