六轮提涨开启，盘面震荡偏强

Report Summary 1. Report Industry Investment Rating No information provided in the report. 2. Core Viewpoints - The coking coal price in the domestic market continued to fluctuate this week. On the 8th, mainstream coke enterprises proposed a sixth round of price increases for coke, with a 50 yuan/ton increase for tamping wet quenched coke and a 55 yuan/ton increase for tamping dry quenched coke, effective from 0:00 on August 11th [2][4]. - Overall supply has decreased due to the continuous advancement of coal mine over - production inspections and the implementation of the "276 - working - day" production plan by some coal mines in Shanxi. The daily average clearance at the Ganqimaodu Port remains high. Coke production has increased slightly, and the downstream procurement rhythm has slowed down after restocking, but coal mine inventories continue to decline. The short - term fundamental contradiction is not obvious, and the futures market is expected to be prone to rising and difficult to fall in the short term [29]. 3. Summary by Directory 3.1 This Week's Market Review - The coking coal price in the domestic market continued to fluctuate. Mainstream coke enterprises proposed a sixth - round price increase for coke, with different increases for tamping wet quenched and dry quenched coke [2][4]. 3.2 Macro and Industry News - The central bank will implement a moderately loose monetary policy, lower the deposit - reserve ratio, and increase financing support for key areas [6]. - Relevant departments have issued plans for the digital transformation of the machinery industry, rural road improvement, etc. [6]. - In July, the CPI increased month - on - month, and the PPI decline narrowed. The year - on - year growth rate of the top 100 real - estate enterprises' land acquisition amount increased significantly. The retail sales of passenger cars and new - energy passenger cars increased year - on - year. The monthly operation rate of construction machinery decreased, and the export of household appliances increased year - on - year [6][7]. 3.3 Fundamental Analysis - Supply: Affected by various factors such as coal mine inspections, production tasks, and underground conditions, the daily output of raw coal has shrunk, and short - term recovery is slow. The overall supply has decreased due to inspections and production plans, while the import at the Ganqimaodu Port remains high [2][29]. - Demand: Some coke enterprises have initiated a sixth - round price increase. Steel mills have good profits and high operating rates, with strong rigid demand for coke. Coke production has increased slightly, and the downstream procurement rhythm has slowed down [2][29]. 3.4 Market Outlook and Investment Strategies - Market Outlook: Domestic supply is constantly disturbed, and it will take time for the increase in Mongolian coal imports to be reflected. The short - term fundamental contradiction is not obvious, and the futures market is expected to be prone to rising and difficult to fall in the short term [29]. - Investment Strategies: For single - side trading, use range - bound operations; for inter - period arbitrage, stay on the sidelines; for coking profits, stay on the sidelines [2][29].