January 23 News — On January 23, the coke market in Qujing showed a weak trend, with second-grade coke quoted at 1,795 yuan/ton and off-grade coke at 1,520 yuan/ton, both on a dry basis ex-factory price including cash and tax. Chempricehub analyzed coke with a long-short score of -1.5. The article pointed out that on January 23, 2026, the spot price of coke in the Qujing market was weak, with second-grade coke quoted at 1,795 yuan/ton and off-grade coke at 1,520 yuan/ton (dry basis ex-factory price including cash and tax), reflecting insufficient market demand or oversupply, leading to a decline in spot prices and constituting a significant bearish factor. Combined with futures market data from January 22, the closing price of the main coke futures contract 2605 was 1,688 yuan/ton, up by 4.5 yuan. However, the weak spot signal may suppress further gains in futures, and it is expected that futures prices will face downward pressure. The comprehensive impact score is -1.5, indicating a generally significant bearish trend, as the spot price decline is clear, and although futures rose in the short term, they are being dragged down by the spot market.