Ruida Futures(SZ:002961) Jin Tou Wang·2025-07-30 06:05Group 1 - The domestic futures market for energy and chemicals saw a significant decline, with coking coal futures experiencing a fluctuation, reaching a high of 1172.0 CNY/ton and a low of 1119.0 CNY/ton, reflecting an increase of approximately 5.47% [1] - According to Ruida Futures, macroeconomic developments from the China-US trade talks suggest a potential extension of the 24% tariffs and countermeasures for 90 days, which may influence coking coal prices positively [1] - The supply-demand situation indicates an increase in iron ore shipments from Australia and Brazil, while domestic port inventories are rising, although the year-on-year decline is expanding, supporting the demand for coking coal [1] Group 2 - Duyue Futures noted that steel prices are stabilizing with a slight increase, and the fourth round of coking coal price hikes has been fully implemented, leading to expectations of continued inventory replenishment in the downstream market [2] - Chaos Tiancheng Futures highlighted that the main production areas have received fewer notifications regarding overproduction, suggesting limited immediate impact on output, while the rapid recovery of coal imports from Mongolia may help balance supply and demand [2] - The market sentiment is currently volatile, with high risks, prompting a recommendation to observe and wait for stabilization before making further decisions, especially with the upcoming political bureau meeting [2]