On January 4, the price of coking coal in the Shaoyang market fell by 40 yuan per ton. The main coking coal, with specifications A7.0, S0.7, V24, G80-83, Y17-19, and MT7, was quoted at 1,570 yuan per ton on a delivered basis, including tax and payment by acceptance. PriceSeek's analysis of coking coal indicates a bearish score of -1.5. The spot price of coking coal in the Shaoyang market declined by 40 yuan per ton, with the main coking coal quoted at 1,570 yuan per ton on a delivered basis, including tax and payment by acceptance. This suggests local oversupply or weak demand, posing a significant bearish factor for the spot market. Considering the coking coal futures market, such as the main contract 2605 on the Dalian Commodity Exchange, which closed at 1,115 yuan per ton on December 31, up by 5.5 yuan, the decline in spot prices may trigger expectations of a correction in the futures market, particularly exerting downward pressure on near-month contracts. The overall score of -1.5 reflects a moderate to significant bearish impact, and prices may continue to face pressure in the short term.