宝城期货动力煤早报-20250806

Group 1: Report Investment Rating - No investment rating information provided Group 2: Core View - The report's core view on动力煤现货 is that it shows a neutral trend in the short - term and medium - term. The coal price is expected to be strong due to good support from peak - season demand and rapid inventory reduction at northern ports [4] Group 3: Summary by Relevant Contents Supply - At the end of July, some coal mines temporarily stopped production after achieving their production targets, leading to a short - term decline in coal output. However, production is expected to recover rapidly in August. The coal mine over - production rectification by the National Energy Administration has not significantly tightened safety supervision in production areas, and coal mines in major production areas are fulfilling their responsibility of ensuring supply during the peak season, with stable output [4] Demand - The National Climate Center's climate trend forecast for August shows that temperatures in most parts of the country will be close to or higher than the same period of the year. Electricity consumption in the tertiary industry and residential life this summer will have certain support [4] Inventory - As of July 31, the total coal inventory at 9 ports in the Bohai Rim was 24.847 million tons, a significant weekly de - stocking of 2.25 million tons, and slightly higher than the same period last year by 235,000 tons [4]