On January 6, the coke market in Qujing operated weakly, with second-grade coke quoted at 1,845 yuan/ton and substandard-grade coke at 1,570 yuan/ton, both on a dry basis, ex-factory cash price including tax. PriceSeek's analysis of coke shows a bearish score of -1.5. The article reports that on January 6, the spot price of coke in the Qujing market operated weakly, with second-grade coke quoted at 1,845 yuan/ton and substandard-grade coke at 1,570 yuan/ton, both on a dry basis, ex-factory cash price including tax. This indicates oversupply or weak demand in the spot market, which is bearish for spot prices. Combined with futures data, the closing price of the main coke futures contract 2605 was 1,648.5 yuan/ton, down by 31 points, with a trading volume of 17,557 lots and an increase in open interest by 2,795 lots. This reflects strong bearish sentiment in the market, and the downward pressure on futures prices may continue. The overall score of -1.5 reflects a strong bearish impact, as the weak spot market and declining futures data reinforce the risk of a price decline.
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