宝城期货煤焦早报-20250701

Group 1: Report Industry Investment Rating - No relevant content provided Group 2: Core Viewpoints of the Report - For coking coal, maintain a volatile outlook in the short - term, medium - term, and intraday, with intraday being slightly stronger. Supply disruptions persist, and the futures market is in a volatile adjustment phase. It is expected to maintain wide - range volatility, and attention should be paid to the July production in Shanxi coal mines [1][5] - For coke, maintain a volatile outlook in the short - term, medium - term, and intraday, with intraday being slightly weaker. With the potential increase in coking coal production after the end of the safety production month, cost - side supply disruptions re - emerge. It is expected to maintain wide - range volatility, and attention should be paid to the actual production of coking coal [1][8] Group 3: Summary by Variety Coking Coal - Supply: Some coal mines in the main production areas resumed production after safety inspections, causing concerns about supply. In the week of June 27, the daily average output of clean coal from 523 coking coal mines nationwide was 73.8 million tons, a week - on - week decrease of 0.6 million tons and 3.5 million tons lower than the same period last year. From June 16 - 21, the cumulative customs clearance of Mongolian coal at the Ganqimaodu Port was 4,207 vehicles, a week - on - week increase of 374 vehicles, equivalent to a daily average of 701.2 vehicles [5] - Demand: The combined daily average output of coke from independent coking plants and steel mill coking plants was 111.97 million tons, a week - on - week decrease of 0.15 million tons [5] Coke - Supply: The combined daily average output of coke from independent coking plants and steel mill coking plants was 111.97 million tons, a week - on - week decrease of 0.15 million tons. After the fourth price cut on June 23, the profit per ton of coke for sample independent coking enterprises was - 46 yuan/ton, a week - on - week decrease of 23 yuan/ton, and the production expansion enthusiasm was average [8] - Demand: In the week of June 27, the daily average pig iron output of 247 steel mills nationwide was 242.29 million tons, a week - on - week increase of 0.11 million tons, and the steel mill profitability rate was 59.31%, unchanged from the previous week [8]