煤焦：煤产量小幅下滑，盘面震荡运行

Group 1: Report Industry Investment Rating - Not provided Group 2: Core View - Recent coal mine production cuts and import volume reduction have alleviated the pressure of oversupply to some extent, slowing down the inventory accumulation speed of upstream coal mines. In the short term, coking coal may continue the oscillatory trend [4] Group 3: Summary According to the Content - Yesterday coal and coke futures prices continued the oscillatory trend. In the spot market, the fourth round of price cuts for coke has been gradually implemented, and there is no further price cut dynamic for the time being [3] - This week's raw coal production was 185 million tons, a week - on - week decrease of 45,000 tons and a year - on - year decrease of 203,000 tons; the daily output of clean coal was 738,000 tons, a week - on - week decrease of 5,000 tons and a year - on - year decrease of 35,000 tons [3] - This week 11 new coal mines such as Jining and Huaning stopped production, involving a production capacity of 14.45 million tons and affecting the daily output of raw coal by 45,800 tons; 1 coal mine resumed production, involving a production capacity of 1.5 million tons and affecting the daily output of raw coal by 4,000 tons [3] - This week coal mines in Changzhi Qinyuan and Linfen, Shanxi, reduced production or stopped production due to safety reasons, resulting in a significant decline in production and a shortage of resources such as lean coal and lean coking coal. Driven by the rigid demand for inventory replenishment from downstream coking and steel enterprises, local coal prices rebounded [3] - The environmental inspection in Wuhai, Inner Mongolia, remains strict. Coupled with the weak market situation, surrounding open - pit coal mines have voluntarily stopped production. Currently, the production capacity of open - pit coal mines in operation is 9.6 million tons, accounting for about 34% of the total production capacity of open - pit coal mines in Wuhai and Qipanjing [3]