Group 1: Report Industry Investment Rating - No relevant content provided Group 2: Report's Core View - For both coking coal and coke, the reference view is a volatile approach, with coking coal expected to be relatively strong in the short - term and coke having a rising expectation due to cost support and market sentiment [1][5][6] Group 3: Summary According to Related Catalogs Coking Coal (JM) - Price and Performance: On the night of July 14, the coking coal main contract oscillated after a continuous rebound, closing at 915.5 yuan/ton with a 0.05% increase [5] - Supply: As of the week ending July 11, the daily average output of clean coal from 523 coking coal mines nationwide was 76.5 million tons, a week - on - week increase of 2.6 million tons and 1.4 million tons lower than the same period last year. From June 30 to July 5, the cumulative customs clearance of Mongolian coal at the Ganqimaodu Port was 4,505 vehicles, a week - on - week increase of 234 vehicles, equivalent to a daily average of 750.8 vehicles [5] - Demand: The combined daily average output of coke from independent coking plants and steel mill coking plants was 111.27 million tons, a week - on - week decrease of 0.54 million tons [5] - Market Outlook: In the short - term, coking coal futures are expected to remain relatively strong, driven by strong expectations and the upcoming Politburo meeting in July. Continued attention should be paid to relevant policy developments [5] Coke (J) - Price and Performance: On the night of July 14, the coke main contract oscillated, closing at 1524.5 yuan/ton with a 0.16% decrease [6] - Cost and Supply - Demand: The improvement in the raw material market atmosphere led to a rebound in coking coal spot prices, increasing coking enterprise losses and strengthening cost support. The coke market shows a pattern of both supply and demand decline, but strong expectations dominate the market. Since July, multiple positive news has improved market sentiment, and the coke main contract has continued to rebound [6]
宝城期货煤焦早报-20250715
Bao Cheng Qi Huo·2025-07-15 01:32