On January 8, the coking coal market in Liupanshui remained stable. Major mainstream mines quoted low-sulfur primary coking coal at 1,550–1,560 yuan/ton, 1/3 coking coal (fat coal) at 1,530–1,540 yuan/ton, and lean coking coal at 1,300–1,320 yuan/ton, all on an ex-works cash basis including taxes. PriceSeek's analysis of coking coal gave a long-short score of 1.5. The report noted that spot prices for coking coal were holding steady, with low-sulfur primary coking coal, 1/3 coking coal, and lean coking coal priced at 1,550–1,560 yuan/ton, 1,530–1,540 yuan/ton, and 1,300–1,320 yuan/ton, respectively, reflecting a balanced supply-demand situation with no significant changes—a neutral impact. However, futures data showed that the main coking coal contract 2605 (Dalian Commodity Exchange) closed at 1,190 yuan/ton, up 68 yuan from the previous trading day, marking a significant increase. Trading volume reached 2,265,707 contracts, with open interest at 502,862 contracts and a change of -7,740 contracts, indicating strong bullish sentiment and active trading. This suggests that future spot prices may be driven upward by demand expectations. Overall, the positive performance in the futures market is favorable for coking coal prices.