焦炭日报-20250916

Report Overview - Report Date: September 16, 2025 [1] - Report Type: Coke Daily Report - Research Team: Black Team of the Research Center Industry Investment Rating - No industry investment rating is provided in the report. Core Viewpoints - The report presents a comprehensive overview of the coke market, including prices, production, inventory, and market trends. It provides data on various coke types, regions, and market indicators to help investors understand the current state of the coke industry. Detailed Summary Coke Prices - Regional Prices: The prices of different types of coke vary by region. For example, the latest price of Shanxi quasi - first wet quenching coke is 1427.78 yuan, with a daily change of - 54.61 yuan, a weekly change of - 108.16 yuan, and a monthly change of - 53.55 yuan, showing a year - on - year decrease of 11.51%. Other regions like Hebei, Shandong, Jiangsu, and Inner Mongolia also have their own price levels and changes [2]. - Futures Prices: The futures prices of coke also show different trends. The latest price of the 05 contract is 1809 yuan, with a daily increase of 59.50 yuan, a weekly increase of 65.00 yuan, and a monthly decrease of 8.50 yuan, showing a year - on - year decrease of 4.69%. The 09 contract has a significant increase, with a daily increase of 345.00 yuan [2]. Production and Capacity Utilization - Blast Furnace and Iron Water: The blast furnace operating rate is 90.18%, with a weekly increase of 4.39 and a year - on - year increase of 7.87%. The average daily iron water output is 240.55 thousand tons, with a weekly increase of 11.71 thousand tons and a year - on - year increase of 7.69% [2]. - Coke Production: The coke daily output is 51.92 thousand tons, with a weekly increase of 0.51 thousand tons and a year - on - year decrease of 3.96%. The coking capacity utilization rate is 72.61%, with a weekly decrease of 0.09 and a year - on - year increase of 4.43% [2]. Inventory - Coke Inventories: Coking plant inventory is 43.91 thousand tons, with a weekly increase of 3.20 thousand tons and a year - on - year increase of 0.99%. Port inventory is 205.11 thousand tons, with a weekly increase of 0.05 thousand tons and a year - on - year increase of 8.43%. Steel mill inventory is 633.29 thousand tons, with a weekly increase of 9.58 thousand tons and a year - on - year increase of 16.50%. The steel mill inventory days are 11.29 days, with a weekly decrease of 0.42 days and a year - on - year increase of 4.34% [2]. Market Spreads - Futures Spreads: The 5 - 9 spread is - 144.50 yuan, with a daily decrease of 9.00 yuan, a weekly decrease of 16.00 yuan, and a year - on - year decrease of 87.00 yuan. The 9 - 1 spread is - 36.00 yuan, with a significant daily decrease of 285.50 yuan [2]. - Basis: The 05 basis is - 80.20 yuan, with a daily decrease of 102.09 yuan, a weekly decrease of 107.59 yuan, and a year - on - year decrease of 105.35 yuan. The 09 basis is - 116.20 yuan, with a large daily decrease of 387.59 yuan [2].