国内部分矿山供应恢复正常 焦煤期货窄幅波动为主

Core Viewpoints - The main futures contract for coking coal showed a strong fluctuation, reaching a peak of 1179.0 yuan, with a current price of 1158.5 yuan, reflecting a 1.00% increase [1] Group 1: Market Outlook - Zhongyuan Futures expects coking coal to maintain a range-bound fluctuation due to a significant decrease in inventory at the Ganqimaodu port during the holiday, low market inquiry sentiment post-holiday, and a return to normal supply from domestic mines [1] - Guantong Futures indicates that coking coal will primarily experience narrow fluctuations, with sufficient supply from Mongolia and a gradual recovery in domestic mining operations expected to increase coking coal supply [2] - Hualian Futures suggests a range trading strategy for the coking coal 2601 contract, with a reference range of 1100-1250 yuan/ton, due to concerns about downstream steel demand and potential inventory issues [3] Group 2: Supply and Demand Dynamics - The supply of coking coal is expected to gradually increase as domestic mining resumes operations, despite a 4% decrease in mining activity compared to the previous week [2] - Downstream iron and steel production remains high, but there are concerns about whether steel demand can sustain this level, particularly if inventory issues worsen [3] - The overall market sentiment is cautious, with trade enterprises remaining observant and no significant drivers for demand observed in the real estate sector [2][3]