Ruida Futures(SZ:002961) Rui Da Qi Huo·2025-09-24 09:21Report Summary 1. Report Industry Investment Rating No information provided. 2. Core Viewpoints - On September 24, the JM2601 contract closed at 1224.5, up 1.24%. The spot price of Tangshan Meng 5 coking coal was reported at 1366, converted to the futures price of 1146. The market is expected to fluctuate with a bullish bias. [2] - On September 24, the J2601 contract closed at 1730.0, up 1.14%. The second - round price cut of coke in the spot market has been implemented. The market is expected to fluctuate with a bullish bias. [2] 3. Summary by Relevant Catalogs Futures Market - JM主力合约收盘价 rose to 1224.50 yuan/ton, up 7.00 yuan; J主力合约收盘价 rose to 1730.00 yuan/ton, up 12.50 yuan. [2] - JM期货合约持仓量 decreased to 925071.00 hands, down 13793.00 hands; J期货合约持仓量 increased to 52619.00 hands, up 386.00 hands. [2] - 焦煤前20名合约净持仓 decreased to - 121173.00 hands, down 4020.00 hands; 焦炭前20名合约净持仓 increased to - 5586.00 hands, up 1.00 hand. [2] - JM5 - 1月合约价差 decreased to 87.50 yuan/ton, down 9.00 yuan; J5 - 1月合约价差 decreased to 141.00 yuan/ton, down 2.50 yuan. [2] - 焦煤仓单 remained at 0.00; 焦炭仓单 increased to 1690.00, up 150.00. [2] Spot Market - 干其毛都蒙5原煤 price rose to 1040.00 yuan/ton, up 20.00 yuan; 唐山一级冶金焦 price remained at 1665.00 yuan/ton. [2] - 俄罗斯主焦煤远期现货 price remained at 151.50 dollars/wet ton; 日照港准一级冶金焦 price remained at 1470.00 yuan/ton. [2] - 京唐港澳大利亚进口主焦煤 price remained at 1630.00 yuan/ton; 天津港一级冶金焦 price remained at 1570.00 yuan/ton. [2] - 京唐港山西产主焦煤 price rose to 1680.00 yuan/ton, up 10.00 yuan; 天津港准一级冶金焦 price remained at 1470.00 yuan/ton. [2] - 山西晋中灵石中硫主焦 price remained at 1270.00 yuan/ton; J主力合约基差 decreased to - 65.00 yuan/ton, down 12.50 yuan. [2] - 内蒙古乌海产焦煤出厂价 remained at 1080.00 yuan/ton; JM主力合约基差 decreased to 45.50 yuan/ton, down 7.00 yuan. [2] Upstream Situation - 314家独立洗煤厂精煤产量 increased to 27.50 million tons, up 0.70 million tons; 314家独立洗煤厂精煤库存 increased to 310.70 million tons, up 6.30 million tons. [2] - 314家独立洗煤厂产能利用率 increased to 0.38%, up 0.01%; 原煤产量 increased to 39049.70 million tons, up 951.00 million tons. [2] - 煤及褐煤进口量 increased to 4274.00 million tons, up 713.00 million tons; 523家炼焦煤矿山原煤日均产量 increased to 190.00 thousand tons, up 4.40 thousand tons. [2] - 16个港口进口焦煤库存 increased to 515.32 million tons, up 48.97 million tons; 焦炭18个港口库存 increased to 260.80 million tons, up 2.49 million tons. [2] - 独立焦企全样本炼焦煤总库存 increased to 940.41 million tons, up 56.87 million tons; 独立焦企全样本焦炭库存 decreased to 66.41 million tons, down 1.43 million tons. [2] National Industry Situation - 247家钢厂炼焦煤库存 decreased to 790.34 million tons, down 3.39 million tons; 全国247家样本钢厂焦炭库存 increased to 644.67 million tons, up 11.38 million tons. [2] - 独立焦企全样本炼焦煤可用天数 decreased to 12.74 days, down 0.07 days; 247家样本钢厂焦炭可用天数 increased to 11.42 days, up 0.13 days. [2] - 炼焦煤进口量 increased to 1016.22 million tons, up 55.50 million tons; 焦炭及半焦炭出口量 decreased to 55.00 million tons, down 34.00 million tons. [2] - 炼焦煤产量 increased to 4089.38 million tons, up 25.00 million tons; 独立焦企产能利用率 decreased to 75.87%, down 0.05%. [2] - 独立焦化厂吨焦盈利情况 decreased to - 17.00 yuan/ton, down 52.00 yuan/ton; 焦炭产量 increased to 4259.70 million tons, up 74.20 million tons. [2] National Downstream Situation - 247家钢厂高炉开工率 increased to 84.00%, up 0.15%; 247家钢厂高炉炼铁产能利用率 increased to 90.38%, up 0.18%. [2] - 粗钢产量 decreased to 7736.86 million tons, down 228.96 million tons. [2] Industry News - From October 1 to 7, 2025, the three major import ports (Ganqimao, Ceke, and Mandula) will be closed and resume normal clearance on October 8. The closure is expected to affect Mongolian coal imports by about 187.56 million tons. [2] - Guangdong issued an emergency notice to prepare for Typhoon "Huajiacha", implementing "five - stop" measures in affected areas. [2] - US President Trump made statements regarding Russia, Ukraine, and NATO. [2] - Russia may further restrict fuel exports and has extended the gasoline export ban until the end of September, with possible extension to October. [2]