On January 7, the price of coking coal in the Jinzhong market fell by 10 yuan/ton. The medium-sulfur primary coking coal with specifications A10.5, S1.3, V25, G80, CSR65, and petrographic composition 0.15 was priced at 1,250 yuan/ton ex-factory, inclusive of cash and taxes.
PriceSeek's analysis of coking coal indicates a bearish sentiment score of -1. The article shows that on January 7, the spot price of medium-sulfur primary coking coal in the Jinzhong market fell by 10 yuan/ton to 1,250 yuan/ton, suggesting an oversupply in the market or weakening demand, which directly weighs on spot prices. Considering the recent contract data in the coking coal futures market, the decline in spot prices may trigger selling pressure in the futures market, increasing the risk of a downward trend in futures prices, as futures typically move in tandem with spot prices.
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