煤炭行业周报：加关税抬高美煤成本，节后煤价维稳运行

Investment Rating - The report maintains a "Buy" rating for the coal industry, indicating a positive outlook for investment opportunities in this sector [48]. Core Insights - The coal prices have stabilized post-holiday, with the increase in tariffs raising the cost of U.S. coal [8][48]. - The report highlights a decrease in daily coal consumption, suggesting a potential shift in demand dynamics [8]. - Import prices for coking coal have rebounded, while coking coal prices have seen a reduction in recent rounds [26]. - Steel prices remain stable at low levels, with an increase in molten iron production [31]. - The report notes a recovery in futures prices for coking coal, with an expanding price gap [38]. Weekly Data Tracking Thermal Coal - Daily consumption has continued to decline, and coal prices have remained stable after the holiday [8]. Coking Coal and Coke - Import prices for coking coal have increased, while coke prices have undergone eight rounds of reductions [26]. Downstream Changes - Steel prices are stable at low levels, and molten iron production is on the rise [31]. Futures Market - Coking coal futures have rebounded, leading to an expansion in price differentials [38]. Transportation Situation - Both sea and land freight rates have gradually stopped declining, with the Daqin Railway's January transport volume down by 13.45% year-on-year [40]. Weekly Market Review (February 5-7, 2025) - The report provides a comparative performance of various indices, noting a decline in coal stocks while some companies like Anyuan Coal and Meijin Energy saw gains [44]. Weekly Outlook (February 2-8, 2025) - The report includes specific stock ratings and performance metrics for key companies in the coal sector, indicating a generally positive sentiment towards major players [48].