January 6th news: On January 6th, the coke market in Qujing showed a weak trend, with secondary coke quoted at 1,845 yuan/ton and off-grade coke at 1,570 yuan/ton, both on a dry basis ex-factory cash price including tax. Chempricehub's analysis of coke indicates a bearish sentiment with a score of -1.5. The report highlights that the spot price of coke in the Qujing market is weak, with secondary coke at 1,845 yuan/ton and off-grade coke at 1,570 yuan/ton, both on a dry basis ex-factory cash price including tax. This suggests an oversupply or weak demand in the spot market, which is bearish for spot prices. Combined with futures data, the main coke futures contract 2605 closed at 1,648.5 yuan/ton, down 31 points, with a trading volume of 17,557 lots and an increase in open interest of 2,795 lots, indicating strong bearish sentiment in the market. The downward pressure on futures prices is likely to persist. The overall score of -1.5 reflects a strong bearish impact, as the weak spot market and declining futures data reinforce the risk of further price declines.
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