煤焦：煤矿维持小幅增产价格承压运行

Group 1: Report Industry Investment Rating - Not provided Group 2: Core Viewpoints of the Report - Market sentiment cools down, and with the approaching parade time, there is an expectation of declining demand, causing prices to run under pressure [3] Group 3: Summary Based on Related Content Market Conditions - Yesterday, coking coal prices fluctuated weakly with a downward price center. Recently, the exchange tightened the opening restrictions on the coking coal 2601 contract and increased the intraday trading handling fee, leading to a fluctuating decline in coking coal prices. On the spot side, the high - priced resources of some coal mines had weak transactions, and prices declined. After the sixth round of coke price increase, individual coke enterprises in some regions planned further price increases, but mainstream coke enterprises had not issued letters yet [2] Environmental Production Restrictions - It is understood that steel mills in Tangshan have received oral notices of environmental production restrictions. From August 25th to September 3rd, sintering machines will be restricted by 30%. Additionally, some steel mills reported that from August 31st to September 3rd, blast furnaces will be restricted by 40%. Continued attention should be paid to the production reduction situation of steel mills [2] Fundamentals - This week, coal mines in Shanxi maintained a production - increasing rhythm, but the overall increase was slow. The daily average output of clean coal in coal mines this week was 771,000 tons, a week - on - week increase of 700 tons. After the downstream's centralized replenishment ended, the mines started to accumulate inventory again. According to Mysteel research, coal mines are expected to continue the resumption of production in the short term. Due to weakening demand, pit - mouth inventories will continue to rise [3] Later Concerns - Pay attention to changes in the blast furnace start - up of steel mills and the resumption of production in coal mines [3]