本周总库存有所去化 预计焦煤期货价格震荡为主

Group 1 - The main futures contract for coking coal closed at 956.0 CNY/ton, with a weekly decline in open interest by 722 contracts [1] - During the week of April 21-25, the coking coal futures opened at 953.0 CNY/ton, reaching a high of 976.0 CNY/ton and a low of 924.5 CNY/ton, resulting in a weekly change of 1.22% [1] Group 2 - On April 23, Mongolian company TT held an online auction for coking coal, with the starting price for Mongolian 4 raw coal set at 90 USD/ton, remaining unchanged from the previous auction on April 15, but all 102,400 tons offered went unsold [2] - The capacity utilization rate for 230 independent coking enterprises in China was reported at 75.27%, an increase of 1.86%, while total coking coal inventory decreased by 10.03 to 819.83 thousand tons, with available days of coking coal dropping by 0.41 days to 11.5 days [2] - Delays in shipments at the Dalrymple Bay coal terminal in Australia continue, with maintenance planned for May not alleviating the situation [2] Group 3 - Guotou Anxin Futures noted that total coking coal inventory remains stable, with inventory pressure on the production side continuing to decline, while downstream coking plants and steel mills maintain essential procurement [3] - Recent environmental inspections have tightened regulations on radiation and gas, leading to a significant decline in border customs clearance for imported Mongolian coal, with daily clearance remaining below 1,000 trucks [3] - Zhongzhou Futures observed that after a significant prior decline, upstream inventory pressure has eased, and coking coal demand has increased slightly due to a minor recovery in coking profits, suggesting a wait-and-see approach [3]