Ruida Futures(SZ:002961) Rui Da Qi Huo·2025-06-10 08:56Report Summary 1. Report Industry Investment Rating No relevant information provided. 2. Report's Core View - On June 10, for the coking coal 2509 contract, it closed at 786.5, up 0.70%. The supply shows marginal improvement signs, and it should be treated as a volatile operation [2]. - On June 10, for the coke 2509 contract, it closed at 1349.0, up 0.48%. The raw - material supply has marginal improvement, and iron - water production has fallen from a high level. It should also be treated as a volatile operation [2]. 3. Summary by Related Catalogs Futures Market - JM main - contract closing price was 785.00 yuan/ton, up 5.00 yuan; J main - contract closing price was 1349.00 yuan/ton, up 10.00 yuan [2]. - JM futures - contract holdings were 696,552.00 lots, up 14,601.00 lots; J futures - contract holdings were 58,010.00 lots, up 305.00 lots [2]. - Coking coal's top 20 contract net - holdings were - 11,422.00 lots, up 23,135.00 lots; coke's top 20 contract net - holdings were 1,245.00 lots, up 465.00 lots [2]. - JM 1 - 9 month contract spread was 6.50 yuan/ton, down 7.00 yuan; J 1 - 9 month contract spread was 15.50 yuan/ton, down 5.50 yuan [2]. - Coking coal warehouse receipts were 100.00 pieces, unchanged; coke warehouse receipts were 80.00 pieces, unchanged [2]. Spot Market - Ganqimao Meng 5 raw coal was 708.00 yuan/ton, down 10.00 yuan; Tangshan quasi - first - grade metallurgical coke was 1445.00 yuan/ton, unchanged [2]. - Russian prime coking coal forward spot (CFR) was 116.50 US dollars/wet ton, unchanged; Rizhao Port quasi - first - grade metallurgical coke was 1270.00 yuan/ton, unchanged [2]. - Jingtang Port Australian imported prime coking coal was 1140.00 yuan/ton, unchanged; Tianjin Port first - grade metallurgical coke was 1370.00 yuan/ton, unchanged [2]. - Jingtang Port Shanxi - produced prime coking coal was 1270.00 yuan/ton, unchanged; Tianjin Port quasi - first - grade metallurgical coke was 1270.00 yuan/ton, unchanged [2]. - Shanxi Jinzhong Lingshi medium - sulfur prime coking coal was 1000.00 yuan/ton, unchanged; Inner Mongolia Wuhai - produced coking coal ex - factory price was 1000.00 yuan/ton, unchanged [2]. - JM main - contract basis was 215.00 yuan/ton, down 5.00 yuan; J main - contract basis was 96.00 yuan/ton, down 10.00 yuan [2]. Upstream Situation - 110 coal - washing plants' raw - coal inventory was 327.41 million tons, up 16.43 million tons; 110 coal - washing plants' clean - coal inventory was 245.06 million tons, up 22.99 million tons [2]. - 110 coal - washing plants' operating rate was 60.59%, down 0.96 percentage points; raw - coal production was 38,930.60 million tons, down 5,127.60 million tons [2]. - Coal and lignite imports were 3,604.00 million tons, down 179.00 million tons; 523 coking coal mines' daily average raw - coal output was 189.90 million tons, down 1.90 million tons [2]. - 16 ports' imported coking coal inventory was 545.73 million tons, down 8.03 million tons; 18 ports' coke inventory was 266.85 million tons, down 4.93 million tons [2]. - Independent coking enterprises' full - sample coking coal total inventory was 818.92 million tons, down 27.41 million tons; independent coking enterprises' full - sample coke inventory was 127.01 million tons, up 15.63 million tons [2]. - 247 steel mills' coking coal inventory was 770.91 million tons, down 15.88 million tons; 247 steel mills' coke inventory was 645.80 million tons, down 9.13 million tons [2]. - Independent coking enterprises' full - sample coking coal available days were 12.26 days, down 0.24 days; 247 steel mills' coke available days were 11.58 days, down 0.13 days [2]. National Industry Situation - Coking coal imports were 889.34 million tons, up 25.97 million tons; coke and semi - coke exports were 55.00 million tons, down 21.00 million tons [2]. - Coking coal production was 3,926.16 million tons, down 235.31 million tons; independent coking enterprises' capacity utilization rate was 75.36%, down 0.30 percentage points [2]. - Independent coking plants' per - ton coke profit was - 19.00 yuan/ton, up 20.00 yuan/ton; coke production was 4,160.00 million tons, up 30.60 million tons [2]. National Downstream Situation - 247 steel mills' blast - furnace operating rate was 83.54%, down 0.35 percentage points; 247 steel mills' blast - furnace iron - making capacity utilization rate was 90.63%, down 0.04 percentage points [2]. - Crude - steel production was 8,601.90 million tons, down 682.24 million tons [2]. Industry News - My Steel Network: In June, terminal demand is expected to weaken, and building - material consumption is expected to decline by about 3% month - on - month [2]. - Morgan Stanley: International investors' willingness to increase holdings of Chinese stocks, confidence in the "new consumption" and technology sectors have increased [2]. - China Index Academy: Current land - acquisition enterprises are still mainly state - owned enterprises. Real - estate enterprises' sales are still in a downward channel, and private real - estate enterprises' confidence needs sales recovery [2].