焦炭日报-20251218

1. Report Information - Report Title: Coke Daily Report [1] - Date: December 18, 2025 [1] - Research Team: Black Team of the Research Center [1] 2. Price Information - Coke Prices: - Shanxi quasi - first wet quenching coke price is 1,540.20, unchanged daily, down 54.61 weekly, down 109.23 monthly, and down 10.31% year - on - year [2] - Hebei quasi - first dry quenching coke price is 1,790.00, unchanged daily, down 55.00 weekly, down 110.00 monthly, and up 7.83% year - on - year [2] - Shandong quasi - first dry quenching coke price is 1,715.00, unchanged daily, down 55.00 weekly, down 110.00 monthly, and down 9.74% year - on - year [2] - Jiangsu quasi - first dry quenching coke price is 1,755.00, unchanged daily, down 55.00 weekly, down 110.00 monthly, and down 9.54% year - on - year [2] - Inner Mongolia second - grade coke price is 1,230.00, unchanged daily, down 50.00 weekly, down 100.00 monthly, and down 12.14% year - on - year [2] - Market Prices: - The 05 contract price of coke on the futures market is 1,664, down 5.00 daily, down 25.00 weekly, down 146.50 monthly, and down 12.00% year - on - year [2] - The 09 contract price is 1,737, down 10.00 daily, down 27.00 weekly, down 165.00 monthly, and down 10.92% year - on - year [2] - The 01 contract price is 1,521.5, up 20.00 daily, unchanged weekly, down 144.50 monthly, and down 15.82% year - on - year [2] 3. Production and Inventory Information - Production: - The blast furnace operating rate is 85.92%, down 1.16 weekly, down 2.88 monthly, and down 1.61% year - on - year [2] - The average daily hot metal output is 229.20, down 3.10 weekly, down 7.68 monthly, and down 1.41% year - on - year [2] - The coking capacity utilization rate is 72.64%, up 0.62 weekly, up 0.80 monthly, and down 1.48% year - on - year [2] - The average daily coke output is 51.60, down 0.58 weekly, down 1.52 monthly, and down 3.26% year - on - year [2] - Inventory: - Coking plant inventory is 50.11, up 5.42 weekly, up 13.96 monthly, and up 10.04% year - on - year [2] - Port inventory is 181.20, down 0.10 weekly, down 17.60 monthly, and up 9.04% year - on - year [2] - Steel mill inventory is 635.28, up 10.03 weekly, up 12.88 monthly, and up 1.88% year - on - year [2] - Steel mill inventory days are 11.66, up 0.37 weekly, up 0.60 monthly, and down 3.24% year - on - year [2] 4. Basis and Spread Information - Basis: - The 05 basis is 169.55, up 5.00 daily, down 33.72 weekly, up 15.07 monthly, and up 36.68 year - on - year [2] - The 09 basis is 96.55, up 10.00 daily, down 31.72 weekly, up 33.57 monthly, and up 22.68 year - on - year [2] - The 01 basis is 312.05, down 20.00 daily, down 58.72 weekly, up 13.07 monthly, and up 95.68 year - on - year [2] - Spread: - The 5 - 9 spread is - 142.50, up 25.00 daily, up 25.00 weekly, up 2.00 monthly, and down 59.00 year - on - year [2] - The 9 - 1 spread is - 73.00, up 5.00 daily, up 2.00 weekly, up 18.50 monthly, and down 14.00 year - on - year [2] - The 1 - 5 spread is 215.50, down 30.00 daily, down 27.00 weekly, down 20.50 monthly, and up 73.00 year - on - year [2]