煤焦：乐观情绪释放，盘面震荡偏强运行

Group 1: Report Industry Investment Rating - No relevant content Group 2: Core View of the Report - Short - term market trades on strong expectations under policy guidance such as "anti - involution" and "stable growth", and the improvement in the supply - demand situation of coal and coke drives the futures and spot prices to run strongly in resonance [2] Group 3: Summary According to the Report Content Market Performance - Yesterday, coal and coke futures prices rose strongly, with multiple coking coal contracts hitting the daily limit, and the night - session continued the strong trend [2] Policy Factor - The Ministry of Industry and Information Technology will implement a new round of stable growth work plans for ten key industries such as steel, and the specific work plans will be released soon, which stimulates the commodity prices to strengthen [2] Supply Side - Last week, coal mines in the main production areas of Shanxi continued the resumption rhythm, but the overall resumption process was still slow. The pressure of high supply and high inventory of coal mines was significantly reduced. Last week, the daily output of raw coal from 523 coking coal sample mines was 1.929 million tons, a week - on - week increase of 11,000 tons; raw coal inventory was 6.153 million tons, a week - on - week decrease of 276,000 tons; clean coal inventory was 3.391 million tons, a week - on - week decrease of 381,000 tons. In June, the import of coking coal was 9.108 million tons, a month - on - month increase of 23.3% and a year - on - year decrease of 7.69%; the cumulative import in the first half of the year was 52.8223 million tons, a year - on - year decrease of 7.95% [2] Demand Side - Recently, coking plants and steel mills have accelerated the replenishment of raw materials. The available days of coking coal inventory in factories have rebounded from the low level. The average daily hot metal output of steel mill blast furnaces has rebounded to 2.4244 million tons, a week - on - week increase of 26,300 tons [2]