煤炭行业周报：煤价弱势下行，静待需求回暖

Investment Rating - The report maintains a "Recommended" investment rating for the coal industry [1]. Core Viewpoints - Coal prices are experiencing a downward trend, and the market is awaiting a recovery in demand [1]. - The report highlights an increase in daily coal consumption and a faster resumption of coal mining operations, contributing to the decline in coal prices [8]. - The coking coal and coke markets are under pressure, with the ninth round of price reductions for coke initiated [24]. - The steel market is also facing challenges, with a slight decline in iron output [29]. - Futures prices for coking coal and coke have decreased, leading to a convergence in price spreads [37]. - Transportation costs for both sea and land are gradually stabilizing after a period of decline [38]. Weekly Data Tracking - Thermal Coal: Daily consumption has risen, and coal mining recovery is accelerating, leading to a weak decline in coal prices [8]. - Coking Coal and Coke: The coking market is undergoing its ninth price reduction, while coking coal prices are under pressure [24]. - Downstream Changes: The steel price is declining, and iron output has slightly decreased [29]. - Futures Market: Both coking coal and coke futures prices have fallen, with price spreads narrowing [37]. - Transportation Situation: Shipping rates for both sea and land are gradually stopping their decline [38]. Weekly Market Review (2025.2.10-2025.2.14) - The report provides a comparative performance of major indices and coal stocks, indicating a decline in coal sector performance [43]. - Notable stock performances include AnYuan Coal Industry with a 13.72% increase, while several other companies like Xinji Energy and Zhongmei Energy experienced declines [43]. Weekly Insights (2025.2.9-2025.2.15) - The report includes detailed financial metrics for various coal companies, with ratings and price changes reflecting market conditions [46].