1. Report Industry Investment Rating - Not mentioned in the report 2. Core View of the Report - Although the supply of cotton is tight before the new cotton is on the market, the downstream demand remains weak, the weather - related factors have cooled down, and the market has expectations for quotas. Therefore, the cotton 2509 contract will continue its weak trend. It is recommended to conduct short - selling transactions on rallies and pay attention to risk control [2] 3. Summary by Relevant Catalogs 3.1. Futures Market - The closing price of Zhengzhou cotton's main contract is 13,755 yuan/ton, down 170 yuan; the closing price of the main contract of cotton yarn is 19,870 yuan/ton, down 125 yuan - The net position of the top 20 in cotton futures is - 22,746 lots, an increase of 4,260 lots; the net position of the top 20 in cotton yarn futures is - 177 lots, an increase of 87 lots - The position of the main contract of cotton is 375,938 lots, a decrease of 37,724 lots; the position of the main contract of cotton yarn is 5,384 lots, a decrease of 2,257 lots - The number of cotton warehouse receipts is 9,055 sheets, a decrease of 101 sheets; the number of cotton yarn warehouse receipts is 91 sheets, unchanged [2] 3.2. Spot Market - The China Cotton Price Index (CCIndex:3128B) is 15,470 yuan/ton, down 110 yuan; the China Yarn Price Index for pure - combed 32 - count cotton yarn is 20,680 yuan/ton, down 40 yuan - The China Imported Cotton Price Index (FCIndexM:1% tariff) is 13,616 yuan/ton, down 122 yuan; the arrival price of the imported cotton yarn price index for pure - combed 32 - count cotton yarn is 22,033 yuan/ton, down 83 yuan - The China Imported Cotton Price Index (FCIndexM: sliding - scale duty) is 14,360 yuan/ton, down 89 yuan; the arrival price of the imported cotton yarn price index for pure - combed 32 - count fine - combed cotton yarn is 23,994 yuan/ton, unchanged [2] 3.3. Upstream Situation - The national cotton sowing area is 2,838.3 thousand hectares, an increase of 48.3 thousand hectares; the national cotton output is 6.16 million tons, an increase of 0.54 million tons - The cotton - cotton yarn price difference is 5,210 yuan/ton, an increase of 70 yuan; the national industrial inventory of cotton is 850,000 tons, an increase of 24,000 tons [2] 3.4. Industry Situation - The monthly import volume of cotton is 30,000 tons, a decrease of 10,000 tons; the monthly import volume of cotton yarn is 110,000 tons, an increase of 10,000 tons - The daily profit from importing cotton is 1,131 yuan/ton, a decrease of 48 yuan; the national commercial inventory of cotton is 2.8298 million tons, a decrease of 0.6289 million tons [2] 3.5. Downstream Situation - The yarn inventory days are 23.86 days, an increase of 1.52 days; the inventory days of grey cloth are 35.46 days, an increase of 2.57 days - The monthly output of cloth is 2.779 billion meters, an increase of 0.109 billion meters; the monthly output of yarn is 2.065 million tons, an increase of 0.114 million tons - The monthly export value of clothing and clothing accessories is 1.5266714 billion US dollars, an increase of 0.1688977 billion US dollars; the monthly export value of textile yarns, fabrics and products is 1.2048207 billion US dollars, a decrease of 0.0583566 billion US dollars [2] 3.6. Option Market - The implied volatility of at - the - money call options for cotton is 13.39%, a decrease of 2.76 percentage points; the implied volatility of at - the - money put options for cotton is 13.39%, a decrease of 2.75 percentage points - The 20 - day historical volatility of cotton is 9.63%, an increase of 0.98 percentage points; the 60 - day historical volatility of cotton is 8.71%, an increase of 0.19 percentage points [2] 3.7. Industry News - According to Mysteel research, the national commercial inventory of cotton is decreasing. As of July 25, 2025, the total commercial inventory of cotton is 2.3056 million tons, a decrease of 0.1519 million tons (a decrease of 6.18%) from the previous week. Among them, the commercial inventory of cotton in Xinjiang is 1.5433 million tons, a decrease of 0.1298 million tons (a decrease of 7.76%) from the previous week; the commercial inventory of cotton in the inland area is 0.409 million tons, a decrease of 0.0101 million tons (a decrease of 2.41%) from the previous week - On Tuesday, the December contract of ICE cotton closed down 0.94%. The cotton 2509 contract fell 1.89%, and the cotton yarn 2509 contract closed down 1.34% - Internationally, affected by the decline in the grain market, the strengthening of the US dollar, and the extension of Sino - US tariff measures, the price of US cotton futures has been continuously falling. The Sino - US talks in Stockholm, Sweden have ended. After the talks, relevant Chinese officials said that according to the consensus of the new round of Sino - US economic and trade talks, both sides will continue to promote the extension of the 24% part of the US reciprocal tariffs that have been suspended and China's counter - measures as scheduled. Currently, there is no change in the tariffs between the two countries, and no final trade agreement has been reached [2] 3.8. Domestic Situation - Cotton is in the process of destocking, and there is no news about quotas. The supply is tight before the new cotton is on the market. On the demand side, the textile industry is in the off - season of consumption. Inland textile enterprises have no profit, the overall operating rate continues to decline, and due to the recent rise in raw material prices, enterprises are more cautious in purchasing raw materials - In terms of new crops, the overall cotton planting area in China increased in 2025. The temperature in Xinjiang decreased slightly later this week, and the weather - related factors have cooled down [2]

铁矿石产业链日报 2025/7/30 | 项目类别 | 数据指标 | 最新 | 环比 数据指标 | 最新 | 环比 | | --- | --- | --- | --- | --- | --- | | 期货市场 | I 主力合约收盘价（元/吨） | 789.00 | -9.00↓ I 主力合约持仓量(手) | 452,110 | -30090↓ | | | I 9-1合约价差（元/吨） | 23 | -4.50↓ I 合约前20名净持仓(手) | -20078 | -6306↓ | | | I 大商所仓单（手） | 3,400.00 | 0.00 | | | | | 新加坡铁矿石主力合约截止15：00报价(美元/吨) | 101.9 | -0.82↓ | | | | 现货市场 | 青岛港61.5%PB粉矿 (元/干吨) | 852 | +3↑ 青岛港60.8%麦克粉矿 (元/干吨) | 838 | +3↑ | | | 京唐港56.5%超特粉矿 (元/干吨) | 728 | +5↑ I 主力合约基差 (麦克粉干吨-主力合约) | 49 | +12↑ | | | 铁矿石62%普氏指数（前一日，美元/吨） | 101 ...

免责声明 本报告中的信息均来源于公开可获得资料，瑞达期货股份有限公司力求准确可靠，但对这些信息的准确性及完整性不做任何保证，据此投资，责任 自负。本报告不构成个人投资建议，客户应考虑本报告中的任何意见或建议是否符合其特定状况。本报告版权仅为我公司所有，未经书面许可，任 何机构和个人不得以任何形式翻版、复制和发布。如引用、刊发，需注明出处为瑞达期货股份有限公司研究院，且不得对本报告进行有悖原意的引 用、删节和修改。 热轧卷板产业链日报 2025/7/30 研究员: 蔡跃辉 期货从业资格号F0251444 期货投资咨询从业证书号Z0013101 | 项目类别 | 数据指标 | 最新 | 环比 数据指标 | 最新 | 环比 | | --- | --- | --- | --- | --- | --- | | 期货市场 | HC 主力合约收盘价(元/吨) | 3,483 | -20↓ HC 主力合约持仓量(手) | 1573214 | -39485↓ | | | HC 合约前20名净持仓(手) | -104,806 | -23776↓ HC10-1合约价差(元/吨) | -12 | -8↓ | | | HC 上期所仓单 ...

Report Industry Investment Rating - Not provided in the given content Core Viewpoints - BZ2603 oscillated strongly and closed at 6307 yuan/ton. In the short term, the domestic pure benzene market continues to have stronger supply than demand, and the low - valuation state of spot may persist. The cost is affected by the easing of concerns about US tariff policies and the strengthening of international oil prices. Macroscopically, the US - EU tariff agreement and the 90 - day extension of the suspended tariffs between China and the US have an impact. BZ2603's daily K - line should pay attention to the pressure around 6440 [2]. Summary by Relevant Catalogs Futures Market - The closing price of the main pure benzene contract was 6307 yuan/ton, up 11 yuan; the settlement price was 6304 yuan/ton, up 21 yuan. The trading volume was 10003 lots, down 471 lots; the open interest was 12826 lots, down 241 lots [2]. Spot Market - The mainstream prices of pure benzene in the East China, North China, South China, and Northeast markets were 6040 yuan/ton, 6090 yuan/ton, 6050 yuan/ton, and 6065 yuan/ton respectively. The mainstream prices of hydrogenated benzene in Jiangsu and Shanxi were 6200 yuan/ton and 5700 yuan/ton respectively. The spot prices of pure benzene in South Korea (FOB) and China (CFR) were 745 dollars/ton and 757.5 dollars/ton respectively, both up 7 dollars/ton [2]. Upstream Situation - The spot price of Brent DTD crude oil was 71.47 dollars/barrel, up 1.17 dollars. The CFR intermediate price of naphtha in Japan was 589.25 dollars/ton, up 10.75 dollars/ton [2]. Industry Situation - The capacity utilization rate of pure benzene was 78.14%, up 0.13 percentage points; the weekly output was 42.48 tons, down 1.04 tons. The port inventory of pure benzene was 17.1 tons, up 0.7 tons. The production cost was 5327.8 yuan/ton, down 118.2 yuan/ton; the production profit was 737 yuan/ton, up 76 yuan/ton [2]. Downstream Situation - The开工率 of styrene was 78.84%, up 0.54 percentage points; the capacity utilization rates of caprolactam, phenol, aniline, and adipic acid were 95.72% (up 6.41 percentage points), 78.54% (down 0.46 percentage points), 69.24% (down 0.1 percentage point), and 64.3% (up 2 percentage points) respectively [2]. Industry News - The Politburo meeting pointed out that macro - policies should continue to exert force and increase force in a timely manner, release domestic demand potential, expand high - level opening - up, and prevent and resolve key risks. The China - US economic and trade talks were held in Stockholm from July 28th to 29th, and the suspension of some tariffs and counter - measures will be extended for 90 days. From July 18th to 24th, the profit of domestic petroleum benzene increased by 19 yuan/ton to 609 yuan/ton. As of July 28th, the pure benzene inventory in Jiangsu ports was 17 tons, down 0.58% from last week [2]. Forecast for the Future - This week, affected by the restart of domestic plants, the production of petroleum benzene and hydrogenated benzene is expected to increase. The import volume is expected to decrease, which may lead to a reduction in total supply, but the loose supply of pure benzene is expected to continue. The increase in phenol plant shutdowns this week may drive down downstream demand in the short term; in the long - term, the demand for pure benzene may improve marginally as downstream plants are put into operation from July to August [2].

Report Summary 1. Report Industry Investment Rating No investment rating information is provided in the report. 2. Core Viewpoints - Short - term pig prices are dominated by the slaughter rhythm. Currently, the slaughter rhythm shows signs of slowing down, but the slaughter volume remains high, suppressing pig prices. Attention should be paid to whether this week's slaughter rhythm conforms to the general end - of - month and beginning - of - month slaughter situation. [2] - The capacity policy has a more obvious actual supporting effect on forward contracts due to the long breeding cycle. [2] 3. Summary by Relevant Catalog 3.1 Futures Market - The closing price of the main futures contract for live pigs is 14,075 yuan/ton, a decrease of 75 yuan; the main contract position is 53,049 lots, a decrease of 1,758 lots; the number of warehouse receipts is 0 lots, a decrease of 205 lots; the net long position of the top 20 futures is - 25,908 lots, an increase of 649 lots. The main contract of live pigs closed down 0.49% on Wednesday. [2] 3.2 Spot Market - The spot prices of live pigs in Henan Zhumadian, Guangdong Yunfu remained unchanged at 13,800 yuan/ton and 15,500 yuan/ton respectively, while the price in Jilin Siping decreased by 100 yuan/ton to 13,500 yuan/ton. The main basis of live pigs is - 275 yuan/ton, an increase of 75 yuan. [2] 3.3 Upstream Situation - The monthly live pig inventory is 42,4470,000 heads, an increase of 7160,000 heads; the inventory of breeding sows is 4,0420,000 heads, an increase of 40,000 heads. The CPI year - on - year is 0.1%, an increase of 0.2 percentage points. The spot price of soybean meal in Zhangjiagang is 2,890 yuan/ton, an increase of 40 yuan; the spot price of corn is 2,409.41 yuan/ton, an increase of 0.19 yuan; the DCE pig feed cost index is 940.02, an increase of 5.27. The monthly output of feed is 27,621,000 tons, an increase of 981,000 tons. The price of binary breeding sows is 1,638 yuan/head, unchanged. The breeding profit of purchased piglets is - 71.39 yuan/head, a decrease of 52.73 yuan; the breeding profit of self - bred and self - raised live pigs is 62.16 yuan/head, a decrease of 28.73 yuan. The monthly import volume of pork is 90,000 tons, unchanged. The average price of white - striped chickens in the main producing areas is 13.7 yuan/kg, an increase of 0.3 yuan. [2] 3.4 Downstream Situation - The monthly slaughter volume of designated live pig slaughtering enterprises is 3,2160,000 heads, an increase of 1390,000 heads. The monthly catering revenue in the total retail sales of social consumer goods is 470.76 billion yuan, an increase of 12.94 billion yuan. [2] 3.5 Industry News - On July 30, 2025, the daily national live pig slaughter volume of key breeding enterprises was 266,710 heads, a decrease of 2.98% from the previous day. Generally, the slaughter rhythm of the breeding end slows down at the end and beginning of the month. On July 30, the breeding end showed signs of reducing the volume, but the slaughter volume was still high. [2] 3.6 Policy Information - On July 23, the Ministry of Agriculture and Rural Affairs held a symposium, pointing out that it is necessary to strictly implement capacity regulation measures, reasonably cull breeding sows, appropriately reduce the inventory of breeding sows, reduce secondary fattening, control the slaughter weight of fat pigs, and strictly control new production capacity. [2] 3.7 Demand Side - The price of white - striped pigs has decreased, and part of the demand has recovered. The operating rate of slaughterhouses has increased slightly, but high temperatures still suppress people's willingness to buy pork. [2]

1. Report Industry Investment Rating - No relevant content provided 2. Core Viewpoints of the Report - The domestic caustic soda plant is still in the recovery phase, with few recent shutdown plans, and the capacity utilization rate is expected to maintain an upward trend. The expected production capacity to be put into operation from July to August is relatively high, and the medium - to - long - term supply pressure may increase. [3] - The price of downstream alumina has rebounded, driving an increase in the enthusiasm of enterprises for resuming production, and there is still some room for an increase in the alumina operating rate. The off - season for non - aluminum downstream industries continues, and demand is weak. [3] - In the short term, the supply - demand contradiction of caustic soda in the spot market is not significant, and the price is expected to fluctuate slightly. For futures, the daily K - line of SH2509 should pay attention to the support around 2470 and the resistance around 2700. [3][4] 3. Summary According to Relevant Catalogs 3.1 Futures Market - The closing price of the main caustic soda futures contract is 2613 yuan/ton, the contract closing prices of caustic soda for January and May are 2656 yuan/ton and 2717 yuan/ton respectively. The futures trading volume is 752433 lots, a decrease of 277186 lots compared with the previous period. The net position of the top 20 futures is - 15810 lots, a decrease of 12901 lots compared with the previous period. [3] 3.2 Spot Market - The prices of 32% ion - membrane caustic soda in Shandong and Jiangsu regions are 830 yuan/ton and 900 yuan/ton respectively, with no change compared with the previous period. The converted 100% caustic soda price in Shandong is 2593.75 yuan/ton, with no change. The basis of caustic soda is - 19 yuan/ton, an increase of 29 yuan/ton compared with the previous period. [3] 3.3 Upstream Situation - The mainstream prices of raw salt in Shandong and the Northwest are both 210 yuan/ton, with no change. The price of steam coal is 638 yuan/ton, with no change. [3] 3.4 Industry Situation - The mainstream prices of liquid chlorine in Shandong and Jiangsu are 100 yuan/ton and - 125 yuan/ton respectively, with an increase of 25 yuan/ton in Jiangsu compared with the previous period. [3] 3.5 Downstream Situation - The spot price of viscose staple fiber is 12980 yuan/ton, an increase of 40 yuan/ton compared with the previous period. The spot price of alumina is 3230 yuan/ton, an increase of 10 yuan/ton compared with the previous period. [3] 3.6 Industry News - The Political Bureau of the CPC Central Committee held a meeting on July 30, emphasizing the need for macro - policies to continue to exert force and expand high - level opening - up. [3] - Sino - US economic and trade talks were held in Stockholm from July 28 - 29, and both sides will continue to promote the 90 - day extension of the suspended tariffs. [3] - From July 18 - 24, the average capacity utilization rate of caustic soda sample enterprises with a capacity of 200,000 tons and above was 84.0%, a month - on - month increase of 1.4%. [3] - As of July 24, the inventory of fixed liquid caustic soda sample enterprises' factories was 408,400 tons (wet tons), a month - on - month increase of 6.38% and a year - on - year increase of 4.29%. [3] 3.7 Viewpoint Summary - The operating rate of alumina increased by 1.84% to 85.45% last week, with an average profit of 409.4 yuan/ton. The operating rate of viscose staple fiber increased by 0.42% to 84.97% last week, and the operating rate of printing and dyeing remained stable at 58.9%. [3] - The inventory of liquid caustic soda factories increased by 6.38% to 408,400 tons last week. [3]

Report Summary 1. Report Industry Investment Rating No industry investment rating is provided in the report. 2. Report's Core View - **Soda Ash**: Supply is expected to remain ample, demand will continue to decline, and prices will face downward pressure. It is recommended to short the soda ash main contract on rallies, paying attention to operational risks [2]. - **Glass**: The probability of a correction increases. Although the glass fundamentals have improved, the terminal demand has not improved. It is recommended to short the glass on rallies, paying attention to operational risks [2]. 3. Summary by Relevant Catalog Futures Market - **Prices**: Soda ash main - contract closing price is 1311 yuan/ton, down 7 yuan; glass main - contract closing price is 1191 yuan/ton, up 3 yuan. The soda ash - glass price difference is 120 yuan/ton, down 10 yuan [2]. - **Positions**: Soda ash main - contract open interest is 864,033 hands, up 20,432 hands; glass main - contract open interest is 959,127 hands, up 76,146 hands. Soda ash top 20 net position is - 330,368, up 19,330; glass top 20 net position is - 196,422, up 24,416 [2]. - **Warehouse Receipts**: Soda ash exchange warehouse receipts are 1,355 tons, up 400 tons; glass exchange warehouse receipts are 0 tons, unchanged [2]. - **Spread**: Soda ash September - January contract spread is - 89 yuan/ton, down 18 yuan; glass September - January contract spread is - 125 yuan/ton, down 48 yuan. Soda ash basis is - 18 yuan/ton, down 122 yuan; glass basis is 4 yuan/ton, up 23 yuan [2]. Spot Market - **Soda Ash**: North China heavy - soda ash is 1,300 yuan/ton, down 120 yuan; Central China heavy - soda ash is 1,375 yuan/ton, unchanged. East China light - soda ash is 1,325 yuan/ton, down 15 yuan; Central China light - soda ash is 1,275 yuan/ton, down 2.5 yuan [2]. - **Glass**: Shahe glass large plates are 1,192 yuan/ton, down 12 yuan; Central China glass large plates are 1,230 yuan/ton, unchanged [2]. Industry Situation - **Operating Rates**: Soda ash plant operating rate is 83.02%, down 1.08 percentage points; float glass enterprise operating rate is 75%, down 0.34 percentage points [2]. - **Capacities and Lines**: Glass in - production capacity is 15.89 million tons/year, up 0.11 million tons; glass in - production production lines are 223, unchanged [2]. - **Inventories**: Soda ash enterprise inventory is 1.7836 million tons, down 81,000 tons; glass enterprise inventory is 61.896 million weight boxes, down 3.043 million weight boxes [2]. Downstream Situation - **Real Estate**: Real estate new - construction area cumulative value is 303.6432 million square meters, up 71.8071 million square meters; real estate completion area cumulative value is 225.6661 million square meters, up 41.8147 million square meters [2]. Industry News - **Sino - US Trade**: China and the US will continue to promote the extension of the 24% part of the US reciprocal tariffs that have been suspended and China's counter - measures as scheduled. The two sides' economic and trade teams will maintain close communication [2]. - **Oil Price**: The new round of oil price adjustment is stranded, and the oil price remains unchanged this round [2]. - **Macroeconomy**: From January to June, the total operating income of state - owned enterprises was 40.75 trillion yuan, a year - on - year decrease of 0.2%. The National Development and Reform Commission will promote the rectification of involution - style competition and expand industrial chain and supply - chain cooperation [2]. - **Photovoltaic Industry**: Some self - media reports about the anti - involution in the photovoltaic industry are seriously inconsistent with the actual situation [2].

业接单仍平淡；日化、食品包装膜需求持续；预计下游开工率拐点于8月上旬到来。成本方面，市场对美国 关税政策的忧虑有所缓解，美国对俄罗斯施压、对伊朗制裁离场持续，近期国际油价走强。宏观方面，美 研究员: 林静宜 期货从业资格号F03139610 期货投资咨询从业证书号Z0021558 助理研究员: 徐天泽 期货从业资格号F03133092 欧关税达成协议，中美双方将继续推动已暂停的关税展期90天。短期L2509预计震荡走势，日度K线关注72 免责声明 塑料产业日报 2025-07-30 | 项目类别 | 数据指标 | 最新 | 环比 数据指标 | 最新 | 环比 | | --- | --- | --- | --- | --- | --- | | | 期货主力合约收盘价:聚乙烯(日,元/吨) | 7387 | 2 1月合约收盘价:聚乙烯(日,元/吨) | 7442 | 4 | | | 5月合约收盘价:聚乙烯(日,元/吨) | 7424 | -1 9月合约收盘价:聚乙烯(日,元/吨) | 7387 | 2 | | 期货市场 | 成交量(日,手) | 244663 | 4959 持仓量(日,手) | 334157 | ...

螺纹钢产业链日报 2025/7/30 | 项目类别 | 数据指标 | 最新 | 环比 数据指标 | 最新 | 环比 | | --- | --- | --- | --- | --- | --- | | 期货市场 | RB主力合约收盘价(元/吨) | 3,315.00 | -32↓ RB主力合约持仓量(手) | 2029133 | -146104↓ | | | RB合约前20名净持仓(手) | 1284 | -87258↓ RB10-1合约价差(元/吨) | -56 | -19↓ | | | RB上期所仓单日报(日，吨) | 85034 | 0.00 HC2510-RB2510合约价差(元/吨) | 168 | +12↑ | | 现货市场 | 杭州 HRB400E 20MM(理计，元/吨) | 3,500.00 | +20↑ 杭州 HRB400E 20MM(过磅，元/吨) | 3,590 | +21↑ | | | 广州 HRB400E 20MM(理计，元/吨) | 3,470.00 | +20↑ 天津 HRB400E 20MM(理计，元/吨) | 3,380.00 | +20↑ | | | RB 主力合约基差 ( ...

1. Report Industry Investment Rating - Not provided in the given content 2. Core Viewpoints - On July 30, the JM2509 contract of coking coal closed at 1117.0, up 2.71%. The supply - side regulation of crude steel production is expected to ease the steel supply - demand contradiction in the second half of 2025. The mine - end inventory generally decreases, and the clean coal inventory is transferred from upstream mines and coal - washing plants to downstream coal - using enterprises. The total inventory has increased for three consecutive weeks, and the inventory is moderately high. Technically, the 4 - hour cycle K - line is above the 20 and 60 moving averages, and it should be treated as oscillating strongly [2]. - On July 30, the J2509 contract of coke closed at 1676.5, up 4.00%. The fourth round of price increase in the spot market has basically been implemented. The raw material supply is gradually improving, and the pig iron output is at a high level. Most mines have no inventory pressure, and the mines have a strong willingness to hold prices. The total coking coal inventory has increased for three consecutive weeks. The average loss per ton of coke for 30 independent coking plants is 54 yuan/ton. Technically, the 4 - hour cycle K - line is above the 20 and 60 moving averages, and it should be treated as oscillating [2]. 3. Summary by Relevant Catalogs 3.1 Futures Market - JM主力合约收盘价为1117.00元/吨，环比下降3.50元；J主力合约收盘价为1676.50元/吨，环比上涨43.50元 [2]。 - JM期货合约持仓量为793569.00手，环比增加27405.00手；J期货合约持仓量为51056.00手，环比下降837.00手 [2]。 - 焦煤前20名合约净持仓为 - 93786.00手，环比下降4852.00手；焦炭前20名合约净持仓为 - 7367.00手，环比下降3220.00手 [2]。 - JM1 - 9月合约价差为115.50元/吨，环比上涨21.50元；J1 - 9月合约价差为63.50元/吨，环比上涨6.00元 [2]。 - 焦煤仓单为0.00张，无环比变化；焦炭仓单为760.00张，无环比变化 [2]。 3.2 Spot Market - 干其毛都蒙5原煤价格为1013.00元/吨，环比下降28.00元；唐山准一级冶金焦价格为1610.00元/吨，环比上涨55.00元 [2]。 - 俄罗斯主焦煤远期现货（CFR）价格为143.50美元/湿吨，环比下降3.50美元；日照港准一级冶金焦价格为1420.00元/吨，环比上涨50.00元 [2]。 - 京唐港澳大利亚进口主焦煤价格为1420.00元/吨，无环比变化；天津港一级冶金焦价格为1520.00元/吨，环比上涨50.00元 [2]。 - 京唐港山西产主焦煤价格为1680.00元/吨，无环比变化；天津港准一级冶金焦价格为1420.00元/吨，环比上涨50.00元 [2]。 - 山西晋中灵石中硫主焦价格为1400.00元/吨，无环比变化；内蒙古乌海产焦煤出厂价为1080.00元/吨，无环比变化 [2]。 - JM主力合约基差为283.00元/吨，环比上涨3.50元；J主力合约基差为 - 66.50元/吨，环比上涨11.50元 [2]。 3.3 Upstream Situation - 110家洗煤厂原煤库存为277.10万吨，环比下降15.43万吨；110家洗煤厂精煤库存为166.39万吨，环比下降9.23万吨 [2]。 - 110家洗煤厂开工率为61.51%，环比下降0.80%；原煤月产量为42107.40万吨，环比增加1779.00万吨 [2]。 - 煤及褐煤月进口量为3304.00万吨，环比下降300.00万吨；523家炼焦煤矿山原煤日均产量为194.70万吨，环比增加1.90万吨 [2]。 - 16个港口进口焦煤库存为512.04万吨，环比下降41.46万吨；18个港口焦炭库存为250.33万吨，环比下降2.38万吨 [2]。 3.4 National Industry Situation - 独立焦企全样本炼焦煤总库存为985.38万吨，环比增加56.27万吨；独立焦企全样本焦炭库存为80.12万吨，环比下降7.43万吨 [2]。 - 全国247家钢厂炼焦煤库存为799.51万吨，环比增加8.41万吨；全国247家样本钢厂焦炭库存为639.98万吨，环比增加0.99万吨 [2]。 - 独立焦企全样本炼焦煤可用天数为12.75天，环比增加0.12天；247家样本钢厂焦炭可用天数为11.45天，环比下降0.01天 [2]。 - 炼焦煤月进口量为910.84万吨，环比增加172.10万吨；焦炭及半焦炭月出口量为51.00万吨，环比下降17.00万吨 [2]。 - 炼焦煤月产量为4070.27万吨，环比增加144.11万吨；独立焦企产能利用率为73.45%，环比增加0.44% [2]。 - 独立焦化厂吨焦盈利为 - 54.00元/吨，环比下降11.00元；焦炭月产量为4170.30万吨，环比下降67.30万吨 [2]。 3.5 National Downstream Situation - 247家钢厂高炉开工率为83.48%，无环比变化；247家钢厂高炉炼铁产能利用率为90.78%，环比下降0.14% [2]。 - 粗钢月产量为8318.40万吨，环比下降336.10万吨 [2]。 3.6 Industry News - 当地时间7月28 - 29日，中美经贸会谈决定推动已暂停的美方对等关税24%部分以及中方反制措施如期展期90天 [2]。 - IMF将2025年中国经济增速大幅上调0.8个百分点至4.8% [2]。 - 中国钢铁工业协会会长表示2025年国家将继续实施粗钢产量调控政策，下半年钢铁供需矛盾将有所缓解 [2]。 - 今年1 - 6月我国空调累计出口额达93.5亿美元，同比增长近10%，对欧盟国家空调出口量同比增长43.2%，出口金额达37.6亿美元创同期历史新高 [2]。 3.7 Key Points to Watch - Not provided in the given content