On January 4, the price of metallurgical coke in the Jingdezhen market showed a weak trend. Currently, first-grade metallurgical coke is quoted at 1,815 yuan per ton, and quasi-first-grade metallurgical coke is quoted at 1,725 yuan per ton, both on an ex-factory basis with acceptance and tax included. PriceSeek analysis of coke: Bull-bear score: -1. The spot price of metallurgical coke in the Jingdezhen market is weak, with first-grade coke quoted at 1,815 yuan per ton and quasi-first-grade coke at 1,725 yuan per ton, both on an ex-factory basis with acceptance and tax included. This reflects an imbalance between supply and demand, where insufficient demand or oversupply has led to a price decline, negatively impacting the spot market. Combined with the closing price of the main coke futures contract 2605 on the Dalian Commodity Exchange at 1,693 yuan per ton, a settlement price of 1,698 yuan per ton, a decrease of 16.5 yuan, a trading volume of 20,439 lots, and an open interest of 32,379 lots, it indicates strong bearish sentiment in the market. The downward pressure on futures prices may continue the declining trend. A score of -1.0 (generally bearish) is given, as prices are weak but have not reached a sharp decline.