煤焦：铁水日产保持高位，盘面震荡运行

Group 1: Report Industry Investment Rating - No information provided Group 2: Core Viewpoint of the Report - The supply and demand of coking coal and coke remain relatively high. The peak demand season combined with the downstream's remaining restocking space supports the confidence of the raw material market to hold prices firm. In the short term, the futures market will maintain a wide - range volatile operation [3] Group 3: Summary by Related Content Coal and Coke Market - On the first trading day after the holiday, the futures prices of coking coal and coke rebounded with oscillations and closed in the green. Driven by downstream restocking during the holiday, the first round of coke price increase was completed. The price of tamped dry - quenched coke increased by 55 yuan/ton, and tamped wet - quenched coke increased by 50 yuan/ton [2] - After the first - round price increase of coke, the profits of coke enterprises have improved. Most coke enterprises maintain a normal production rhythm, with a capacity utilization rate of around 75%. Although the transportation capacity in the main production areas was slightly affected during the holiday and logistics was relatively slow, coke shipments were in an orderly manner without blockages [2] - Steel mills' operations remain at a relatively high level, with the daily average pig iron output maintained at around 2.42 million tons, which supports the demand for raw materials [2] Coking Coal Market - The coking coal market is generally stable, with individual mine prices adjusting downward from high levels. Currently, the inventory pressure at the coal mine end is not obvious, supporting relatively firm prices [3] - The fourth - quarter long - term contract price of Mongolian coking coal at the pithead has increased from 53.54 - 54.35 US dollars to 57.3 - 58.15 US dollars, an increase of about 7%, with the warehouse - delivery equivalent price at about 770 - 800 yuan/ton. It is rumored that after the National Day, Mongolian coal customs clearance will increase the transportation capacity through automated loading and unloading, with the daily customs clearance volume increasing from the previous upper limit of 1,500 to 2,000, and a one - month trial operation after the National Day, which needs continuous tracking [3]