Group 1: Spot Market Data - Newman powder price is 767, with 0 daily change and -8 weekly change, and its import profit is -25.08 [1] - PB powder price is 770, with -2 daily change and -8 weekly change, and its import profit is -7.22 [1] - Macfarlane powder price is 763, with 0 daily change and -4 weekly change, and its import profit is 4.55 [1] - Jinbuba powder price is 742, with -2 daily change and -10 weekly change, and its import profit is 0.03 [1] - Mainstream mixed powder price is 702, with 2 daily change and -6 weekly change, and its import profit is -1.79 [1] - Super special powder price is 647, with 2 daily change and -6 weekly change, and its import profit is -9.92 [1] - Carajás powder price is 875, with -4 daily change and -4 weekly change, and its import profit is -37.26 [1] - Brazilian mixed powder price is 809, with -1 daily change and -3 weekly change, and its import profit is 1.33 [1] - Ukrainian concentrate price is 874, with -2 daily change and -4 weekly change [1] - 61% Indian powder price is 731, with -2 daily change and -10 weekly change [1] - Karara concentrate price is 874, with -2 daily change and -6 weekly change [1] - Roy Hill powder price is 740, with -2 daily change and -8 weekly change, and its import profit is -1.20 [1] - KUMBA powder price is 829, with -2 daily change and -9 weekly change [1] - 57% Indian powder price is 592, with 2 daily change and -6 weekly change [1] - Atlas powder price is 697, with 2 daily change and -6 weekly change [1] - Tangshan iron concentrate price is 977, with 0 daily change and 6 weekly change [1] Group 2: Futures Market Data - i2601 contract price is 772.0, with -4.0 daily change and -17.0 weekly change, and its monthly spread is 42.6, with 1.8 daily change and 8.6 weekly change [1] - i2605 contract price is 750.0, with -5.5 daily change and -18.0 weekly change, and its monthly spread is 64.6, with 3.3 daily change and 9.6 weekly change [1] - i2509 contract price is 790.0, with -2.0 daily change and -6.5 weekly change, and its monthly spread is 24.6, with -0.2 daily change and -1.9 weekly change [1] - FE01 contract price is 101.20, with -0.04 daily change and -0.56 weekly change, and its monthly spread is -45.3, with 0.9 daily change and 7.3 weekly change [1] - FE05 contract price is 98.73, with -0.07 daily change and -0.86 weekly change, and its monthly spread is -45.8, with 2.6 daily change and 9.7 weekly change [1] - FE09 contract price is 101.90, with -0.19 daily change and -0.20 weekly change, and its monthly spread is -35.0, with 2.1 daily change and 3.8 weekly change [1]

Group 1: Report Industry Investment Rating - No information provided Group 2: Core Viewpoints of the Report - The overall strategy maintains the logic of shorting on rallies. The subsequent drivers continue to be weak. The current discount of the October contract to the spot is around 450 points, and there is still expected to be room for decline. The valuation of the far - month contracts is unclear, more affected by drivers, and due to low positions, they are greatly influenced by macro and capital behaviors [2][16] Group 3: Summary According to Related Catalogs Futures Contracts - **Contract Prices and Changes**: EC2508 closed at 2083.8 with 0.00% change, EC2510 at 1373.6 with 1.04% change, EC2512 at 1763.0 with 2.30% change, EC2602 at 1530.1 with 0.57% change, EC2604 at 1332.0 with - 0.22% change, and EC2606 at 1487.5 with - 0.50% change [2][16] - **Trading Volumes and Open Interests**: Trading volumes for EC2508, EC2510, EC2512, EC2602, EC2604, and EC2606 were 82, 31099, 6018, 1011, 1068, and 93 respectively. Open interests were 2506, 54859, 11324, 4438, 5549, and 822 respectively, with changes of - 50, - 1839, 193, 14, 90, and - 13 [2][16] - **Month - to - Month Spreads**: EC2508 - 2510 spread was 710.2 with a daily change of - 14.2 and a weekly change of 39.0; EC2510 - 2512 spread was - 389.4 with a daily change of - 25.6 and a weekly change of - 48.2; EC2512 - 2602 spread was 232.9 with a daily change of 31.0 and a weekly change of 0.0 [2][16] Indexes - **Totenit**: Updated on 2025/8/11, the current value is 2235.48 points, with a monthly change of - 2.71% and a quarterly change of - 0.31% [2][16] - **SCF (European Line)**: Updated on 2025/8/15, the current value is 1820 dollars/TEU, with a monthly change of - 7.19% and a quarterly change of - 4.39% [2][16] - **CCFI**: Updated weekly on 2025/8/15, the current value is 1790.47 points, with a monthly change of - 0.48% and a quarterly change of 0.53% [2][16] - **NCFI**: Updated every Friday on 2025/8/15, the current value is 1188.69 points, with a monthly change of - 5.49% [2][16] Recent European Line Quotes - Downstream is currently booking space for the second half of August (week 34 - 35). The average price for week 34 is 2850 US dollars (2000 points), and the current average quote for week 35 is 2625 US dollars (1840 points). Among them, the PA alliance quotes 2500 US dollars, MSK quotes 2300 US dollars, and the OA alliance quotes 2700 - 2800 US dollars [3][17] Related News - On 8/13, the leader of the German Left Party called for a complete halt to arms supplies to Israel. On 8/17, Israel began transporting supplies to Gaza in preparation for military operations, and the Israeli Prime Minister's Office stated that the unconditional release of all detainees is a prerequisite for a cease - fire. On 8/16, Trump said he would temporarily not impose tariffs on China for buying Russian oil [4][18]

Report Information - Report Name: Coke Daily Report [1] - Research Team: Black Team of the Research Center [1] - Report Date: August 18, 2025 [1] Industry Investment Rating - Not mentioned in the provided content Core Viewpoints - Not mentioned in the provided content Data Summary Coke Price - The latest price of Shanxi quasi - first wet quenching coke is 1481.33, with no daily change, a weekly increase of 54.61, a monthly increase of 273.06, and a year - on - year decrease of 17.31% [2] - The latest price of Hebei quasi - first wet quenching coke is 1725.00, with no daily change, a weekly increase of 75.00, a monthly increase of 295.00, and a year - on - year decrease of 14.81% [2] - The latest price of Shandong quasi - first dry quenching coke is 1660.00, with no daily change, a weekly increase of 55.00, a monthly increase of 275.00, and a year - on - year decrease of 19.61% [2] - The latest price of Jiangsu quasi - first dry quenching coke is 1700.00, with no daily change, a weekly increase of 55.00, a monthly increase of 275.00, and a year - on - year decrease of 19.24% [2] - The latest price of Inner Mongolia second - grade coke is 1180.00, with no daily change, a weekly increase of 50.00, a monthly increase of 250.00, and a year - on - year decrease of 18.62% [2] Production and Inventory - The blast furnace operating rate is 90.22, with a weekly increase of 0.13, a monthly decrease of 0.67, and a year - on - year increase of 3.68% [2] - The daily average iron water output is 240.66, with a weekly increase of 0.34, a monthly decrease of 1.78, and a year - on - year increase of 5.20% [2] - The coking plant inventory is 39.31, with a weekly decrease of 5.32, a monthly decrease of 16.24, and a year - on - year decrease of 13.98% [2] - The port inventory is 215.11, with a weekly decrease of 3.04, a monthly increase of 16.00, and a year - on - year increase of 14.29% [2] - The steel mill inventory is 609.80, with a weekly decrease of 9.48, a monthly decrease of 29.19, and a year - on - year increase of 14.24% [2] - The steel mill inventory days are 10.83, with a weekly decrease of 0.08, a monthly decrease of 0.63, and a year - on - year increase of 1.50% [2] - The coking capacity utilization rate is 73.75, with a weekly increase of 0.27, a monthly increase of 1.03, and a year - on - year increase of 1.12% [2] - The daily average coke output is 51.67, with a weekly decrease of 0.11, a monthly decrease of 1.53, and a year - on - year decrease of 3.78% [2] Futures Market - The latest price of the 05 contract on the futures market is 1817.5, with a daily increase of 4.50, a weekly decrease of 1.00, a monthly increase of 233.00, and a year - on - year decrease of 7.32% [2] - The latest price of the 09 contract on the futures market is 1649.5, with a daily decrease of 0.50, a weekly decrease of 11.00, a monthly increase of 150.00, and a year - on - year decrease of 11.17% [2] - The latest price of the 01 contract on the futures market is 1729, with a daily increase of 8.00, a weekly decrease of 5.00, a monthly increase of 186.50, and a year - on - year decrease of 9.00% [2] - The 05 basis is - 36.50, with a daily decrease of 4.50, a weekly increase of 65.10, a monthly increase of 71.37, and a year - on - year decrease of 173.80 [2] - The 09 basis is 131.50, with a daily increase of 0.50, a weekly increase of 75.10, a monthly increase of 154.37, and a year - on - year decrease of 109.80 [2] - The 01 basis is 52.00, with a daily decrease of 8.00, a weekly increase of 69.10, a monthly increase of 117.87, and a year - on - year decrease of 146.30 [2] - The 5 - 9 spread is - 88.50, with a daily increase of 3.50, a weekly decrease of 4.00, a monthly decrease of 46.50, and a year - on - year decrease of 27.50 [2] - The 9 - 1 spread is 168.00, with a daily increase of 5.00, a weekly increase of 10.00, a monthly increase of 83.00, and a year - on - year increase of 64.00 [2] - The 1 - 5 spread is - 79.50, with a daily decrease of 8.50, a weekly decrease of 6.00, a monthly decrease of 36.50, and a year - on - year decrease of 36.50 [2]

Report Overview - The report is a steel morning report released by the Black Team of the Research Center on August 15, 2025, covering aspects such as spot prices, price and profit, production and inventory, basis and spreads [1] Spot Prices Rebar - Spot prices of rebar in different regions (Beijing, Shanghai, Chengdu, Xi'an, Guangzhou, Wuhan) showed varying degrees of decline from August 8 to August 14, with decreases ranging from 20 to 70 yuan [1] Hot - Rolled Coils - For hot - rolled coils in Tianjin, Shanghai, and Lecong, the price changes were relatively small, with 0 yuan in Tianjin, - 20 yuan in Shanghai, and - 10 yuan in Lecong from August 8 to August 14 [1] Cold - Rolled Coils - Cold - rolled coils in Tianjin, Shanghai, and Lecong also had price fluctuations, with a decrease of 70 yuan in Tianjin, 0 yuan in Shanghai, and - 30 yuan in Lecong from August 8 to August 14 [1]

Group 1 - The diversified financial sector increased by 0.38% on August 14, with Nanhua Futures leading the gains [1] - The Shanghai Composite Index closed at 3666.44, down 0.46%, while the Shenzhen Component Index closed at 11451.43, down 0.87% [1] - Key stocks in the diversified financial sector showed varied performance, with Nanhua Futures rising by 6.52% to a closing price of 24.52 [1] Group 2 - Major stocks that declined included Jiuding Investment, which fell by 9.98% to a closing price of 19.48 [2] - The overall net capital flow in the diversified financial sector showed a net inflow of 49.12 million yuan from main funds, while retail investors contributed a net inflow of 15.2 million yuan [2] - The trading volume and turnover for various stocks in the sector varied significantly, with Lakala achieving a turnover of 3.774 billion yuan [1][2]

Report Summary 1. Report Industry Investment Rating No information provided in the report regarding the industry investment rating. 2. Core Viewpoint The current main contradictions in the EC market are the decline slope during the off - season, uncertainties in geopolitics and tariffs, and the反复 domestic macro - sentiment. The overall driving force is downward, and the valuation still has room. It is recommended to continue holding short positions in the 10 contract and maintain the logic of shorting on rallies[2][18]. 3. Summary by Relevant Content Futures Contract Information - **Futures Contract Prices and Changes**: For EC2508, the closing price was 2083.0 with a 0.05% increase; EC2510 closed at 1333.1 with a - 5.96% decrease; EC2512 at 1700.1 with a - 2.41% decrease; EC2602 at 1488.0 with a - 2.62% decrease; EC2604 at 1328.6 with a - 1.59% decrease; EC2606 at 1473.0 with a - 0.61% decrease[2][18]. - **Futures Contract Volumes and Open Interest**: The trading volume of EC2510 was 66391, and its open interest was 60740 with an increase of 4786. Other contracts also had corresponding volume and open - interest data and changes[2][18]. - **Futures Contract Month - to - Month Spreads**: For example, the spread of EC2508 - 2510 was 749.9, with a daily increase of 85.5 and a weekly increase of 97.6. The spread of EC2510 - 2512 was - 367.0, with a daily decrease of 42.6 and a weekly decrease of 24.2[2][18]. Index Information - **SCFI Index**: As of August 11, 2025, the SCFI index was 2235.48 points, a - 2.71% decrease from the previous period and a - 4.39% decrease from two periods ago[2][18]. - **CCFI Index**: On August 8, 2025, the CCFI index was 1799.05 points, a 0.53% increase from the previous period[2][18]. - **NCFI Index**: On August 8, 2025, the NCFI index was 1257.71 points, an - 8.37% decrease from the previous period[2][18]. Fundamental Information - **Receiving Situation**: In week 33 of August, the receiving situation of each alliance was different, with MSK being good, OA being average, and PA being poor. In week 34, the receiving situation significantly weakened[2][18]. - **Shipping Capacity**: EMC cancelled its independent ship in week 35, and OA added a sail - off in week 39. The shipping capacity decreased slightly but remained high. The average weekly shipping capacity in August and September (tentatively) 2025 was 32.7, 32.1, and 28.7 million TEU respectively[2][18]. Recent European Line Quotation Information - **Week 34**: Each shipping company's prices dropped by 200 - 300 US dollars, with an average of 2850 US dollars (2000 points). The PA alliance's price was 2700 US dollars, MSK's was 2600 US dollars, and the OA alliance's was 2900 - 3000 US dollars[3][19]. - **Week 35**: The current average shipping company quotation is 2700 US dollars (1850 points)[3][19]. News - **Israeli Military**: On August 11, the Israeli military said that its operations in the Gaza Strip had entered a "new stage"[3][19]. - **Chinese Side**: On August 12, China emphasized the need to maintain the safety of the Red Sea shipping lanes and promote the political settlement of the Yemeni issue[3][19]. Message - related Information - MSK opened the cabin at 2200 US dollars. HPL reduced the price by 400 to 2435 US dollars. EMC reduced the price by 200 to 2934 US dollars[16][32].

Group 1: General Information - Report Date: August 13, 2025 [1] - Report Type: Coke Daily Report [1] - Team: Research Center's Black Team [1] Group 2: Coke Price Information - **Price of Different Coke Grades**: - Shanxi quasi - first wet - quenched coke price is 1426.72, with no daily or weekly change, and a monthly change of 273.06 [2] - Hebei quasi - first wet - quenched coke price is 1650.00, with no daily or weekly change, a monthly change of 275.00, and a year - on - year change of - 20.67% [2] - Shandong quasi - first dry - quenched coke price is 1605.00, with no daily or weekly change, a monthly change of 275.00, and a year - on - year change of - 24.29% [2] - Jiangsu quasi - first dry - quenched coke price is 1645.00, with no daily or weekly change, a monthly change of 275.00, and a year - on - year change of - 23.84% [2] - Inner Mongolia second - grade coke price is 1130.00, with no daily or weekly change, a monthly change of 250.00, and a year - on - year change of - 24.67% [2] - **Price Trends in Different Regions Over the Years**: There are price trend charts for Linfen, Lvliang, Rizhao Port, Changzhi, and other regions from 2021 - 2025 [3][4][5][6] Group 3: Market Indicators - **Production - related Indicators**: - Blast furnace operating rate is 90.09, with a weekly change of - 0.15, a monthly change of 0.19, and a year - on - year change of 1.37% [2] - Daily average hot metal output is 240.32, with a weekly change of - 0.39, a monthly change of 0.51, and a year - on - year change of 3.72% [2] - Coking capacity utilization rate is 73.48, with a weekly change of - 0.13, a monthly change of 0.28, and a year - on - year change of 0.34% [2] - Daily average coke output is 51.78, with a weekly change of - 0.39, a monthly change of - 1.81, and a year - on - year change of - 3.47% [2] - **Inventory - related Indicators**: - Coking plant inventory is 44.63, with a weekly change of - 1.89, a monthly change of - 14.95, and a year - on - year change of 1.39% [2] - Port inventory is 218.15, with a weekly change of 3.05, a monthly change of 18.07, and a year - on - year change of 15.29% [2] - Steel mill inventory is 619.28, with a weekly change of - 7.41, a monthly change of - 18.52, and a year - on - year change of 15.49% [2] - Steel mill inventory days are 10.91, with a weekly change of - 0.26, a monthly change of - 0.73, and a year - on - year change of 2.92% [2] - **Futures - related Indicators**: - Futures contract 05 price is 1862.5, with a daily change of 44.00, a weekly change of 51.00, a monthly change of 272.00, and a year - on - year change of - 11.86% [2] - Futures contract 09 price is 1703.5, with a daily change of 43.00, a weekly change of 64.00, a monthly change of 176.50, and a year - on - year change of - 13.81% [2] - Futures contract 01 price is 1787.5, with a daily change of 53.50, a weekly change of 66.50, a monthly change of 228.00, and a year - on - year change of - 13.54% [2] - 05 basis is - 145.60, with a daily change of - 44.00, a weekly change of - 51.00, a monthly change of 26.99, and a year - on - year change of - 182.35 [2] - 09 basis is 13.40, with a daily change of - 43.00, a weekly change of - 64.00, a monthly change of 122.49, and a year - on - year change of - 159.85 [2] - 01 basis is - 70.60, with a daily change of - 53.50, a weekly change of - 66.50, a monthly change of 70.99, and a year - on - year change of - 152.85 [2] - 5 - 9 spread is - 75.00, with a daily change of 9.50, a weekly change of 15.50, a monthly change of - 44.00, and a year - on - year change of - 29.50 [2] - 9 - 1 spread is 159.00, with a daily change of 1.00, a weekly change of - 13.00, a monthly change of 95.50, and a year - on - year change of 22.50 [2] - 1 - 5 spread is - 84.00, with a daily change of - 10.50, a weekly change of - 2.50, a monthly change of - 51.50, and a year - on - year change of 7.00 [2]

根据合并数据显示，多头前三席位为中信期货，总持仓37146、东证期货，总持仓22052、国泰君安，总持仓15736；空头前三席位 为中信期货，总持仓34313、华泰期货，总持仓16453、国泰君安，总持仓15642； 来源：新浪期货 新浪期货 根据交易所数据，截至8月12日收盘主力合约5年期国债期货2509,涨跌+0.00%,成交量4.85万手，持仓数据显示前20席位 呈现净空，差额头寸为5642手。 5年期国债期货期货全合约总计成交6.66万手，比上一日减少7351手。全合约前20席位多头持仓15.51万手，比上一日增加1318手。 全合约前20席位空头持仓16.22万手，比上一日增加677手。 文章来源:新浪期货 | | | | | 2025年8月12日5年期国债期货全合约持仓数据- | | | | 一览 | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | | 名次 会员名称 成交量(双边) | | 增減 | 会员 | 持买单 | 增减 | 会员 | 持卖单 | 增减 | | T | 中信期货 | 29,653 | 6,7 ...

根据合并数据显示，多头前三席位为国泰君安，总持仓98834、中信期货，总持仓90514、东证期货，总持仓71393；空头前三席位 为永安期货，总持仓175870、国泰君安，总持仓170257、中信期货，总持仓160020； 主力合约前20席位中，多头增仓前三名分别是：中信期货、持仓48795、增仓9182，海通期货、持仓24461、增仓7052，招商期 货、持仓19542、增仓6732；多头减仓前三名分别是：中泰期货、持仓18129、减仓-3199，中信建投、持仓26576、减仓-2998，国 泰君安、持仓54278、减仓-2057； 主力合约前20席位中，空头增仓前三名分别是：浙商期货、持仓48807、增仓16779，方正中期、持仓40385、增仓6868，东证期 货、持仓83592、增仓5869；空头减仓前三名分别是：中信期货、持仓80732、减仓-16479，瑞达期货、持仓14359、减仓-6815， 中泰期货、持仓21191、减仓-3842。 文章来源:新浪期货 新浪期货 根据交易所数据，截至8月12日收盘主力合约纯碱2601,涨跌+5.31%,成交量323.56万手，持仓数据显示前20席位呈现净 空 ...

Price Performance - London Gold latest price is 3356.40, down 37.75 [1] - London Silver latest price is 37.76, down 0.53 [1] - London Platinum latest price is 1328.00, unchanged [1] - London Palladium latest price is 1140.00, down 14.00 [1] - LME Copper latest price is 9759.00, up 50.50 [1] - Dollar Index latest is 98.50, up 0.23 [1] - Euro to US Dollar latest is 1.16, unchanged [1] - Pound to US Dollar latest is 1.34, unchanged [1] - US Dollar to Japanese Yen latest is 148.15, up 0.42 [1] Trading Data - SHFE Silver inventory is 1151.96, down 6.43 [1] - Gold ETF holdings are 964.22, up 4.58 [1] - Silver ETF holdings are 15058.60, up 67.80 [1] - SGE Silver inventory is 1368.44, unchanged [1] - SGE Gold deferred fee payment direction change is 0.00 [1] - SGE Silver deferred fee payment direction change is 1.00 [1]