焦煤专题报告：查超产对四季度焦煤产量影响分析

Report Overview - The report is a coking coal special report released by Galaxy Futures on September 30, 2025, focusing on the impact of overproduction on coking coal production in the fourth quarter [10][13][14] Core Viewpoints - There is no clear core view presented in the provided content Data and Information Coal Production Data - The report shows the national and Shanxi's raw coal production from 2021 - 2025, as well as the national and Shanxi's coking clean coal production from 2020 - 2025 through line charts [7][9][10] Coal Overproduction Data - In Inner Mongolia's 2024 coal mine production verification report, among 299 verified coal mines, 89 (30%) exceeded the announced production capacity, and 33 (11%) exceeded 110% of the announced production capacity [15] - In the 2024 Shanxi coal mine overproduction situation (mainly from the 2022 - 2023 production data), among 144 sampled coal mines, 15 (10%) had annual overproduction (annual output greater than 110% of the production capacity), 22 (15%) had monthly output exceeding 10% of the production capacity, and 9 (6%) had both annual and monthly overproduction [19]