宝城期货煤焦早报-20250918

Group 1: Report Industry Investment Rating - No relevant content provided Group 2: Core Viewpoints of the Report - For the 2601 contract of coking coal, the short - term, medium - term, and overall views are all "oscillation", with an intraday view of "oscillation on the strong side". The core logic is that multiple and short factors are intertwined, leading to high - level oscillation of coking coal [1]. - For the 2601 contract of coke, the short - term, medium - term, and overall views are all "oscillation", with an intraday view of "oscillation on the strong side". The core logic is that the long and short forces are in a stalemate, causing coke to oscillate [1]. Group 3: Summary by Related Catalogs Coking Coal (JM) - Spot market: The latest quotation of Mongolian coking coal at the Ganqimao Port is 1140.0 yuan/ton, with a week - on - week flat. The "anti - involution" sentiment in the market has resurfaced, and the coking coal supply is expected to be favorable. Also, the central environmental protection inspection requires Shanxi to control coal production, making the futures price easy to rise and hard to fall. However, there are no specific policy measures in the coal industry yet [5]. Coke (J) - Spot market: The latest quotation of the flat - price index of quasi - first - grade wet - quenched coke at Rizhao Port is 1470 yuan/ton, with a week - on - week decrease of 3.29%; the ex - warehouse price of quasi - first - grade wet - quenched coke at Qingdao Port is 1480 yuan/ton, with a week - on - week increase of 6.47%. In the futures market, the "anti - involution" disturbance has reappeared, making the coke futures easy to rise and hard to fall, and the main contract is running strongly. Attention should be paid to whether there are specific "anti - involution" measures in the coal industry [6].