煤焦：需求暂维持高位，盘面震荡运行

Group 1: Report Industry Investment Rating - No relevant content Group 2: Core View of the Report - The demand for raw materials remains relatively high, while the reduction in coal mine production is lower than expected, and mines are slightly accumulating inventory. In the short term, market sentiment is still fluctuating, and coal and coke prices are oscillating. [4] Group 3: Summary by Related Catalogs Market Performance - Yesterday, coal and coke futures prices oscillated overall and weakened at night. Last week, the coal mine accident and the increasing expectation of overseas interest rate cuts led to a rise in commodities only on Monday, and then the prices weakened again. There is no further upward driving force in the short - term market. Attention should be paid to recent steel mill production restrictions. [3] Spot Market - On the spot side, the high - priced resources at some coal mine points have weak sales, and the prices are stable for the time being. This week, coke enterprises in Hebei started the 8th round of price increase, and mainstream steel mills have not responded yet. [3] Steel Mill Data - This week's data shows that steel mills have not significantly reduced production, and molten iron production remains high. The overall intensity of production restrictions is weaker than that during the 2019 military parade. The profitability rate of 247 steel mills is 63.64%, a decrease of 1.30 percentage points from last week and an increase of 59.74 percentage points compared with last year. The blast furnace iron - making capacity utilization rate of steel mills is 90.02%, a decrease of 0.23 percentage points from last week and an increase of 7.06 percentage points compared with last year. The daily average molten iron production is 240.13 tons, a decrease of 0.62 tons from last week and an increase of 19.24 tons compared with last year. [3] Coal Mine Situation - This week, coal mines in the main production areas of Shanxi have concentrated production cuts. Some coal mines in Lvliang are affected by geological conditions, and safety inspections in Linfen are becoming stricter, resulting in a significant decline in coal mine output. By tracking the resumption progress of shut - down coal mines, coal mine output is likely to increase slightly next week. However, before September 3rd, main production area coal mines will focus on ensuring safe production, and some coal mines may arrange short - term production cuts. [3]