黑色产业数据每日监测-20250731

Group 1: Report Industry Investment Rating - Not provided Group 2: Core Viewpoints of the Report - The futures prices of coking coal and coke declined due to market sentiment fluctuations, but the spot market maintained low inventories and strong rigid demand, with price support still in place. The supply - demand of coking coal and coke remained slightly tight, and the fifth round of price increase for coke started. There was a policy bottom, and buying opportunities after price corrections could be considered [1] Group 3: Summary by Related Catalogs Market Overview - On July 31, all black - series commodity futures turned down. The closing price of rebar was 3205 yuan/ton, down 4.19%; the hot - rolled coil futures closed at 3390 yuan/ton, down 3.56%; the iron ore futures closed at 779 yuan/ton; coking coal and coke declined, with coking coal hitting the daily limit down [1] Market Analysis - The decline in the futures market cooled the previous positive sentiment. Some traders sold to realize profits, and the increase in auctions narrowed. Extreme rain in coal - producing areas led to a temporary reduction in coal supply. Coking coal demand remained strong due to high downstream coke - enterprise operating rates and high pig - iron production. Coal mine pre - sales would last until mid - August. The inventory of washed coal plants and coking coal mines reached low levels. After the fourth round of price increases for coke, the profits of coke enterprises continued to shrink, some reduced production, and supply tightened. Steel mills and traders had good procurement enthusiasm, and coke inventories at coking plants were low. The coking industry decided to raise coke prices starting from July 31 [1] Investment Suggestions - For iron ore, pay attention to supply - demand changes and inventory levels and avoid chasing high prices. For rebar, take a short - term oscillatory approach and focus on the spread between hot - rolled coil and rebar. For hot - rolled coil, take a short - term high - level consolidation approach and focus on supply - demand changes. For coking coal and coke, pay attention to the oscillatory market after the decline stabilizes or the strength - weakness relationship between the two [1]