黑色系周报：双焦-20251017

1. Report Industry Investment Rating No relevant information provided. 2. Core Viewpoints of the Report - The coking coal 2601 contract is in a volatile state, with mine inventory accumulating and environmental and safety inspections starting [5]. - The coke 2601 contract is also in a volatile state, and some coke enterprises are proposing a second round of price increases [8]. 3. Summary According to the Directory 3.1 Price - Coking coal warehouse receipt price is 1124, Mongolian coal warehouse receipt price is 1222, coke warehouse receipt price is 1586, and the overseas warehouse receipt price of Australian coal is 1579 [11]. 3.2 Demand, Profit, and Production - The coking plant's on - paper profit (01 contract) is 145, with a week - on - week decrease of 26 [11]. - The full - caliber daily coke output is 111.23 tons, a week - on - week decrease of 1.27 tons and a year - on - year decrease of 2.75 tons [11]. - The pig iron output is 240.95 tons, a week - on - week decrease of 0.59 tons and a year - on - year increase of 6.59 tons [11]. - The coal washery output is 26.79 tons (due to changes in the coal washery sample data), a week - on - week decrease of 0.74 tons [11]. 3.3 Inventory - Coke Inventory: The total coke inventory is 891.88 tons, a week - on - week decrease of 17.87 tons and a year - on - year increase of 76.55 tons. Coking plant coke inventory is 57.29 tons, a week - on - week decrease of 6.55 tons and a year - on - year decrease of 14.82 tons. Steel mill coke inventory is 639.44 tons, a week - on - week decrease of 11.38 tons and a year - on - year increase of 76.45 tons. Port inventory is 195.15 tons, a week - on - week increase of 0.06 tons and a year - on - year increase of 14.92 tons [13]. - Coking Coal Inventory: The total coking coal inventory is 2058.4 tons, a week - on - week increase of 23.22 tons and a year - on - year increase of 37.26 tons. Coking plant coking coal inventory is 997.37 tons, a week - on - week increase of 38.31 tons and a year - on - year increase of 39.91 tons. Steel mill coking coal inventory is 788.32 tons, a week - on - week increase of 7.19 tons and a year - on - year increase of 52.66 tons. Port inventory is 272.71 tons, a week - on - week decrease of 22.28 tons and a year - on - year decrease of 137.85 tons. Coal washery inventory is 290.41 tons (due to data sample changes), a week - on - week increase of 10.18 tons [15]. 3.4 Import and Export - From January to August, the imported coking coal was 72.6 million tons, a year - on - year decrease of 8.01%. From January to August, the exported coke was 4.95 million tons, a year - on - year decrease of 20.15% [17].