On December 29th, the price of metallurgical coke in Handan market was weakly operating. The current spot price for dry coke is reported at 1550-1580 RMB/ton, and for wet coke, it's 1390 RMB/ton, both with cash on delivery including tax. PriceSeek analyzed the coke, giving a rating of -1. The Handan market's metallurgical coke price was weakly operating, with dry coke quoted at 1550-1580 RMB/ton and wet coke at 1390 RMB/ton, all priced at cash on delivery including tax. This indicates that the supply of spot goods is loose or demand is weak, leading to short-term downward pressure on prices. In terms of futures, the main contract 2605 closed at 1680.5 RMB/ton, up by 0%, with the open interest increasing by 1123 contracts to 30,959, indicating a divergence between market bulls and bears, but considering the weak trend in spot prices, it is expected that futures prices may follow suit. The rating is -1 (generally bearish) because the decline in spot prices directly reflects market weakness, while the increase in futures open interest does not offset the fundamental pressure.
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