On January 13, the price of metallurgical coke in the Jinzhong market showed a weak trend. Currently, the quoted price for quasi-first-grade wet-quenched metallurgical coke is 1,260–1,280 yuan/ton, for quasi-first-grade dry-quenched metallurgical coke is 1,525–1,555 yuan/ton, and for first-grade dry-quenched metallurgical coke is 1,695 yuan/ton. All prices are ex-factory cash prices including taxes.

PriceSeek analysis of coke shows a bearish score of -1. The article reports that the price of metallurgical coke in the Jinzhong market is trending weakly, with quasi-first-grade wet-quenched coke quoted at 1,260–1,280 yuan/ton, quasi-first-grade dry-quenched coke at 1,525–1,555 yuan/ton, and first-grade dry-quenched coke at 1,695 yuan/ton. These prices are lower than previous levels, reflecting a loose supply-demand balance in the spot market and weak demand, which exerts downward pressure on spot prices.

Combined with coke futures data, the main contract 2605 closed at 1,745 yuan/ton, down by 3 yuan, with a settlement price of 1,761 yuan/ton. The trading volume was 20,384 lots, and open interest decreased by 1,031 lots. Contract 2609 closed at 1,824 yuan/ton, down by 6 yuan, with a settlement price of 1,837.5 yuan/ton, indicating increased bearish sentiment in the market and pressure on futures prices.

Overall, the rating is moderately bearish (-1), as the weakness in the spot market aligns with the downward trend in futures prices, though no extreme fluctuations have occurred.