焦炭日报-20250827

Report Information - Report Title: Coke Daily Report - Report Date: August 27, 2025 - Report Team: Black Team of the Research Center [1] Industry Investment Rating - No investment rating information is provided in the report. Core Viewpoints - No clear core viewpoints are presented in the report. It mainly provides data on the coke industry, including prices, production, inventory, and related indicators. Summary by Category Coke Prices - The prices of different types of coke in various regions have shown week - on - week and month - on - month changes. For example, the price of Shanxi quasi - first wet - quenched coke is 1535.94 yuan, with a week - on - week increase of 54.61 yuan and a month - on - month increase of 218.45 yuan, but a year - on - year decrease of 8.91%. Other regions like Hebei, Shandong, Jiangsu, and Inner Mongolia also have similar price trends [2]. Production and Capacity Utilization - The blast furnace operating rate is 90.25%, with a week - on - week increase of 0.03 and a year - on - year increase of 5.04%. The daily average iron - water output is 240.75, with a week - on - week increase of 0.09 and a year - on - year increase of 7.26%. The coking capacity utilization rate is 74.13%, with a week - on - week increase of 0.38 and a year - on - year increase of 2.33%. The daily average coke output is 51.63, with a week - on - week decrease of 0.04 and a year - on - year decrease of 5.20% [2]. Inventory - Coking plant inventory is 39.47, with a week - on - week increase of 0.16 and a year - on - year decrease of 15.82%. Port inventory is 214.62, with a week - on - week decrease of 0.49 and a year - on - year increase of 12.24%. Steel mill inventory is 609.59, with a week - on - week decrease of 0.21 and a year - on - year increase of 13.52%. The steel mill inventory days are 10.76, with a week - on - week decrease of 0.07 and a year - on - year decrease of 0.46% [2]. Futures Market - The prices of different coke futures contracts (05, 09, 01) have changed. For example, the price of the 05 contract is 1806.5, with a daily decrease of 13.00. The basis of different contracts (05, 09, 01) and the spreads between different contracts (5 - 9, 9 - 1, 1 - 5) also show various changes [2].