Ruida Futures(SZ:002961) Jin Tou Wang·2025-12-01 07:02Group 1 - The coal futures market in China is showing a strong performance, with coking coal futures reaching a high of 1088.0 CNY/ton, reflecting a rise of approximately 1.93% [1] - Supply remains tight due to the recovery of some coal mines in major production areas, while new shutdowns are occurring in Shanxi province, indicating ongoing supply disruptions [1] - The demand side shows a rebound in coke production, but purchasing sentiment from downstream sectors is weak, leading to a marginal deterioration in the overall market sentiment [1] Group 2 - Domestic raw coal production has decreased month-on-month, with some coal mines in Shanxi collectively shutting down due to accidents, contributing to supply uncertainty [2] - The normal passage of coal at the China-Mongolia border has resumed, but recent transactions of Mongolian coal have been sluggish, putting downward pressure on prices [2] - The National Development and Reform Commission has indicated that energy supply and demand are generally balanced for the heating season, suggesting that resource supply is secure [2]