焦煤日报-20251217

Report Information - Report Title: Coking Coal Daily Report - Date: December 17, 2025 - Research Team: Black Team of the Research Center [1] Key Data Summary Coal Prices - Domestic Coking Coal: The price of Liulin Main Coking Coal is 1505.00, unchanged from the previous day and week, down 140.00 from the previous month, and down 2.90% year - on - year. The price of Anze Main Coking Coal is 1500.00, unchanged from the previous day and week, down 200.00 from the previous month, and down 3.23% year - on - year. The price of Shaheyi Meng 5 is 1360.00, down 20.00 from the previous day, down 60.00 from the previous week, down 190.00 from the previous month, and down 9.93% year - on - year. The price of Raw Coal Port Pick - up Price is 970.00, up 30.00 from the previous day, up 10.00 from the previous week, down 82.00 from the previous month, and down 1.02% year - on - year [2]. - Imported Coking Coal: The price of Peak Downs is 226.00, up 1.50 from the previous day, up 4.00 from the previous week, up 14.50 from the previous month, and up 15.00 year - on - year. The price of Goonyella is 227.00, up 2.00 from the previous day, up 6.00 from the previous week, up 16.50 from the previous month, and up 16.00 year - on - year [2]. Futures Prices - The price of Futures Contract 05 is 1058.50, up 5.00 from the previous day, down 24.00 from the previous week, down 184.50 from the previous month, and down 13.66% year - on - year. The price of Futures Contract 09 is 1136.50, up 8.00 from the previous day, down 24.50 from the previous week, down 178.50 from the previous month, and down 12.10% year - on - year. The price of Futures Contract 01 is 964.00, down 6.50 from the previous day, down 19.00 from the previous week, down 208.50 from the previous month, and down 15.25% year - on - year [2]. Inventory Data - Total Inventory: The total coking coal inventory is 3623.12, up 83.41 from the previous week, up 263.76 from the previous month, and down 14.09% year - on - year. - Sub - inventories: Coal mine inventory is 255.31, up 8.30 from the previous week, up 90.25 from the previous month, and down 24.13% year - on - year. Port inventory is 296.50, up 2.00 from the previous week, down 7.77 from the previous month, and down 34.68% year - on - year. Steel mill coking coal inventory is 798.27, down 3.03 from the previous week, up 10.97 from the previous month, and up 7.60% year - on - year. Coking plant coking coal inventory is 1009.20, down 1.10 from the previous week, down 60.82 from the previous month, and up 0.72% year - on - year [2]. Other Data - Coking Capacity Utilization: The coking capacity utilization rate is 73.16, down 0.68 from the previous week, up 1.52 from the previous month, and down 1.16% year - on - year. - Coking Coke Inventory: The coking coke inventory is 85.95, down 0.02 from the previous week, up 0.81 from the previous month, and down 0.60% year - on - year. - Futures Basis and Spreads: The 05 basis is - 55.28, down 5.00 from the previous day, down 33.47 from the previous week, down 112.05 from the previous month, and up 29.57 year - on - year. The 09 basis is - 133.28, down 8.00 from the previous day, down 32.97 from the previous week, down 118.05 from the previous month, and down 0.12 year - on - year. The 01 basis is 39.22, up 6.50 from the previous day, down 38.47 from the previous week, down 88.05 from the previous month, and up 9.75 year - on - year. The 5 - 9 spread is - 78.00, down 3.00 from the previous day, up 0.50 from the previous week, down 6.00 from the previous month, and up 0.16 year - on - year. The 9 - 1 spread is 172.50, up 14.50 from the previous day, down 5.50 from the previous week, up 30.00 from the previous month, and up 0.11 year - on - year. The 1 - 5 spread is - 94.50, down 11.50 from the previous day, up 5.00 from the previous week, down 24.00 from the previous month, and up 0.07 year - on - year [2]