大商所就调整焦煤交割质量标准征求意见

Core Viewpoint - The Dalian Commodity Exchange (DCE) has announced adjustments to the quality standards for coking coal delivery, aiming to align with the rapid changes in the industry and market dynamics [1][3]. Summary by Sections Adjustments to Quality Standards - The standard quality range for coking coal has been modified to ≥65.0%, with alternative products adjusted to a range of [60.0%, 65.0) with a price deduction of 50 yuan/ton [2]. - The sulfur content range for alternative products has been revised, with a deduction of 1.5 yuan/ton for every 0.01% decrease in the range of [0.70%, 1.30%), and an increase of 2.5 yuan/ton for every 0.01% increase in the range of (1.30%, 1.60] [2]. - The expression and requirements for total moisture content have been updated, with a new calculation formula introduced for total moisture exceeding 8.0% [2]. - The rounding rules for ash content, volatile matter, and strength have been adjusted, with ash and volatile matter now retaining two decimal places and strength retaining one decimal place [2]. - The wording in the rules has been modified to reflect compliance with national standards and related error ranges [2]. Industry Context - The adjustments come in response to significant changes in China's coking coal policies and the structure of the spot market, indicating that the existing contract quality standards were no longer suitable for the industry's rapid evolution [3]. - The DCE's decision is based on comprehensive research and analysis of the coking coal supply structure, quality distribution, price differentials in the spot market, and trade circulation patterns [3].