黑色系周报：双焦-20250919

Group 1: Report Core Views - The coking coal 2601 contract oscillates with mine inventory depletion, rising spot prices, and pre - holiday restocking [5] - The coke 2601 contract oscillates after the second round of price cuts is implemented, some coke enterprises propose price increases, and there is restocking expectation [7] Group 2: Fundamental Information Coking Coal - Iron ore output increases week - on - week; the second round of coke price cuts is implemented, and some coke enterprises propose price increases; mines, steel mills, and ports reduce inventory, while independent coking plants, coal washing plants, and ports increase inventory [6] Coke - Iron ore output increases week - on - week; the second round of coke price cuts is implemented, and some coke enterprises propose price increases; steel mills and ports accumulate inventory, while coking plants reduce inventory [8] Group 3: Fundamental Points Price - Coking coal warehouse receipt is 1063, Mongolian coal warehouse receipt is 1152, coke warehouse receipt is 1630, and overseas warehouse receipt price for Australian coal is 1550 [10] Demand, Profit, and Operation - Coking plant's on - paper profit (01 contract) is 158, up 5 week - on - week; total daily coke output is 113.37 tons, up 0.01 tons week - on - week and 3.56 tons year - on - year; iron ore output is 241.02 tons, up 0.47 tons week - on - week and 17.19 tons year - on - year; coal washing plant output is 26.8 tons (with sample data changes), up 1.19 tons week - on - week [10] Inventory - Coke total inventory is 915.18 tons, up 8.94 tons week - on - week and 104.37 tons year - on - year; coking plant's coke inventory is 66.41 tons, down 1.43 tons week - on - week and 11.57 tons year - on - year; steel mill's coke inventory is 644.67 tons, up 11.38 tons week - on - week and 101.99 tons year - on - year; port inventory is 204.1 tons, down 1.01 tons week - on - week and up 13.95 tons year - on - year [12] - Coking coal total inventory is 2012.94 tons, up 64.56 tons week - on - week and 36.36 tons year - on - year; coking plant's coking coal inventory is 940.41 tons, up 56.87 tons week - on - week and 69.22 tons year - on - year; steel mill's coking coal inventory is 790.34 tons, down 3.39 tons week - on - week and up 67.44 tons year - on - year; port inventory is 282.19 tons, up 11.08 tons week - on - week and down 122.91 tons year - on - year; coal washing plant inventory is 304.37 tons (with data sample changes), up 23.77 tons week - on - week [14] Import and Export - From January to July, coking coal imports are 62.44 million tons, a year - on - year decrease of 8.47%; from January to July, coke exports are 4.4 million tons, a year - on - year decrease of 22.02% [17] Group 4: Summary by Directory Price - The report presents the coking coal warehouse receipt price, coke export price, and coking coal import price and profit, including different price indicators and their trends over time [20][22][25] Demand, Profit, and Operation - It shows the iron ore output, independent coking plant's daily coke output, steel mill's coking daily output, coke profit, total coking daily output, and coal washing plant's daily output over the years [28][30][32] Inventory - It includes the coking plant's coke inventory, steel mill's coke inventory, coke port inventory, coke total inventory, coking plant's coking coal inventory, steel mill's coking coal inventory, coking coal total inventory, coking plant's coking coal available days, and steel mill's coking coal available days over the years [34][36][39] Import and Export - It shows the cumulative coke exports and coking coal imports over the years, as well as the breakdown of coking coal imports by country [40][41][45]