Report Industry Investment Ratings - No specific industry investment ratings are provided in the reports [1][3][5][8] Core Views - The steel market is facing concerns about the off - season, with the black market shifting towards fundamentals. Overall, the supply - demand contradiction of steel is not significant, and future attention should be paid to the Middle East geopolitical conflicts, inventory, and consumption [1]. - The iron ore market is experiencing weak demand in the off - season and is likely to maintain a weak and volatile trend. In the long term, the supply - demand pattern is relatively loose [3]. - The coking coal and coke market has eased market sentiment and is operating in a volatile manner. The supply - demand situation of coke has improved, while the price of coking coal is expected to fluctuate in the short term [5][6]. - The动力煤 market shows a contraction in supply at the end of the month, and the coal prices in the production areas continue to be strong. In the short term, the price is expected to rise slightly, while the long - term supply pattern remains loose [8]. Summary by Related Categories Steel - Market Analysis: The closing price of the rebar futures main contract was 2,976 yuan/ton, and that of the hot - rolled coil main contract was 3,098 yuan/ton. The national building materials turnover was 93,500 tons. The black market is turning to fundamentals, and the supply - demand contradiction of building materials is gradually accumulating. The profit of hot - rolled coils is better than that of building materials, and although exports have slightly declined, they remain high in the short term [1]. - Strategy: No specific strategies are proposed for single - side, inter - period, inter - variety, spot - futures, or options trading [2]. Iron Ore - Market Analysis: The futures price of iron ore continued to weaken, with the main 2509 contract closing at 702.5 yuan/ton, a decline of 0.43%. The total national main port iron ore trading volume was 1.077 million tons, a 32.47% increase. The forward spot trading volume was 670,000 tons, a 39.09% decrease. The global shipment increased slightly, iron - making water production increased slightly, and the total iron ore inventory increased slightly [3]. - Strategy: A single - side strategy of weak and volatile is recommended, and no strategies are proposed for other trading types [4]. Coking Coal and Coke - Market Analysis: The coking coal and coke futures are operating in a volatile manner. The fourth - round price cut of coke has been fully implemented, and the market's expectation of price stability has increased. Many coking coal mines have stopped or reduced production, and the replenishment of coking and steel enterprises is insufficient. The price of imported Mongolian coal is relatively stable [5][6]. - Strategy: Both coking coal and coke are expected to operate in a volatile manner, and no strategies are proposed for other trading types [7]. 动力煤 - Market Analysis: The coal prices in the main production areas continue to be strong. At the end of the month, a few coal mines will complete their production capacity and reduce production. The procurement demand for metallurgy and chemical industry is stable. The port inventory has decreased significantly, and the import coal market is stable [8]. - Strategy: No specific strategies are proposed [8].
黑色建材日报:月底供给有所收缩,产区煤价延续强势-20250626
Hua Tai Qi Huo·2025-06-26 03:42