市场快讯：焦煤交割质量标准新旧对比

Report Summary 1. Core View - The new coking coal delivery standard released by the Dalian Commodity Exchange on November 4, 2025, raises the quality requirements for delivery products and reduces the premium for low - sulfur alternative delivery products. The increase in Mongolian coal delivery cost is greater than that of Shanxi medium - sulfur main coking coal [1]. 2. Key Changes in Delivery Standards - Indicator Adjustment: Adjust the expression of the moisture (Mt) indicator to total moisture (Mt), round ash and volatile matter to two decimal places, and strength to one decimal place [1]. - Sulfur Content: Lower the premium reward for sulfur content from 2.5 yuan/ton for every 0.01% reduction to 1.5 yuan/ton, while keeping the deduction standard unchanged [1]. - Post - reaction Strength: Increase the post - reaction strength delivery standard from 60% to 65%, and deduct 50 yuan/ton for products with a post - reaction strength of 60% or more but less than 65% [1]. 3. Changes in Premium and Discount for Main Delivery Products - Shanxi Medium - sulfur Main Coking Coal: Reduce the premium from 110 yuan/ton to 30 yuan/ton, a decrease of 80 yuan/ton [1]. - Mongolian No. 5 Clean Coal in Wubulang Jinquan Industrial Park: Change from a premium of 70 yuan/ton to a discount of 40 yuan/ton, a decrease of 110 yuan/ton [1].