贸易利好再现，煤焦偏强震荡

Group 1: Report Industry Investment Rating - There is no information about the report industry investment rating in the provided content. Group 2: Core Views of the Report - Coke: The spot market prices of coke in Rizhao Port and Qingdao Port have increased week - on - week. The coke futures main contract is driven by the warm - up of the macro - environment, the results of the Sino - US summit, and supply - side expectations. However, the upstream - downstream game is intense, and the fundamental upward drive is limited, with cost support from coking coal and sentiment support from the macro - environment being the relative positives [6][33]. - Coking coal: On October 30, the coking coal futures main contract rose, with a decrease in open interest. The spot price of Mongolian coal at the Ganqimaodu Port increased week - on - week. The coking coal market has weak supply and demand recently, but the warm - up of the macro - environment and industry policy expectations drive the main contract to maintain a strong trend [6][33]. Group 3: Summary by Relevant Catalogs 1. Industry Information - Sino - US economic and trade consensus: The US will cancel the 10% "fentanyl tariff" on Chinese goods and suspend the 24% reciprocal tariff for one year. China will adjust counter - measures accordingly. Both sides will extend some tariff exclusion measures. The US will suspend the implementation of some export control rules, 301 investigation measures on China's maritime, logistics, and shipbuilding industries for one year, and China will take corresponding actions [8]. - The price of coking coal in Linfen Anze market remained stable on October 30, with the ex - factory price of low - sulfur main coking clean coal being 1600 yuan/ton [9]. 2. Spot Market - Coke prices: Rizhao Port's quasi - first - grade wet - quenched coke flat - price index is 1570 yuan/ton, up 3.29% week - on - week; Qingdao Port's quasi - first - grade wet - quenched coke ex - warehouse price is 1530 yuan/ton, up 2.68% week - on - week [6][33]. - Coking coal prices: The latest quotation of Mongolian coal at the Ganqimaodu Port is 1390 yuan/ton, up 6.11% week - on - week [6][33]. 3. Futures Market - Coke: The closing price of the active contract is 1786.5, with a daily increase of 0.59%. The trading volume is 19,482, and the open interest is 39,742, with a decrease of 747 compared to the previous trading day [14]. - Coking coal: The closing price of the active contract is 1288.0, with a daily increase of 1.62%. The trading volume is 1,060,058, and the open interest is 692,345, with a decrease of 14,346 compared to the previous trading day [14]. 4. Related Charts - Coke inventory: There are charts showing the inventory of 230 independent coking plants, 247 steel - mill coking plants, port coke, and total coke inventory over the years [15][16][17][18]. - Coking coal inventory: There are charts showing the inventory of mine - mouth coking coal, port coking coal, 247 sample steel - mill coking coal, and all - sample independent coking plants' coking coal over the years [20][23][25][30]. - Other charts: There are charts related to domestic steel - mill production, Shanghai terminal wire - rod procurement, coal - washing plant production, coking plant operation, etc [27][28][31][32]. 5. Market Outlook - Coke: The spot market prices are rising. The futures main contract is driven by macro - factors and supply - side expectations, but the fundamental upward drive is limited [6][33]. - Coking coal: The futures main contract shows a strong trend, driven by the macro - environment and policy expectations, despite weak supply and demand [6][33].