焦炭日报-20251222

Report Information - Report Title: Coke Daily Report - Report Date: December 22, 2025 - Research Team: Black Team of the Research Center [1] Industry Investment Rating No relevant information provided. Core Viewpoints No relevant information provided. Summary by Category Coke Prices - The latest price of Shanxi quasi - first wet quenching coke is 1540.20, with no daily change, a weekly decrease of 54.61, a monthly decrease of 109.23, and a year - on - year decrease of 10.31% [2] - The latest price of Hebei quasi - first dry quenching coke is 1790.00, with no daily change, a weekly decrease of 55.00, a monthly decrease of 110.00, and a year - on - year increase of 7.83% [2] - The latest price of Shandong quasi - first dry quenching coke is 1715.00, with no daily change, a weekly decrease of 55.00, a monthly decrease of 110.00, and a year - on - year decrease of 9.74% [2] - The latest price of Jiangsu quasi - first dry quenching coke is 1755.00, with no daily change, a weekly decrease of 55.00, a monthly decrease of 110.00, and a year - on - year decrease of 9.54% [2] - The latest price of Inner Mongolia second - grade coke is 1230.00, with no daily change, a weekly decrease of 50.00, a monthly decrease of 100.00, and a year - on - year decrease of 12.14% [2] Production and Utilization Rates - The blast furnace operating rate is 84.93, with a weekly decrease of 0.99, a monthly decrease of 3.65, and a year - on - year decrease of 2.69% [2] - The average daily hot metal output is 226.55, with a weekly decrease of 2.65, a monthly decrease of 9.73, and a year - on - year decrease of 1.25% [2] - The coking capacity utilization rate is 71.92, with a weekly decrease of 0.72, a monthly increase of 0.82, and a year - on - year decrease of 2.18% [2] - The average daily coke output is 51.30, with a weekly decrease of 0.30, a monthly decrease of 1.59, and a year - on - year decrease of 3.21% [2] Inventory - The coking plant inventory is 51.90, with a weekly increase of 1.79, a monthly increase of 8.46, and a year - on - year increase of 10.19% [2] - The port inventory is 175.65, with a weekly decrease of 5.55, a monthly decrease of 17.35, and a year - on - year increase of 5.08% [2] - The steel mill inventory is 633.73, with a weekly decrease of 1.55, a monthly increase of 11.39, and a year - on - year increase of 0.34% [2] - The steel mill inventory days are 11.72, with a weekly increase of 0.06, a monthly increase of 0.67, and a year - on - year decrease of 6.24% [2] Futures Market - The latest price of the 05 contract is 1730, with a daily increase of 17.50, a weekly increase of 68.00, a monthly decrease of 56.00, and a year - on - year decrease of 5.15% [2] - The latest price of the 09 contract is 1803.5, with a daily increase of 21.50, a weekly increase of 64.00, a monthly decrease of 47.00, and a year - on - year decrease of 4.95% [2] - The latest price of the 01 contract is 1588.5, with a daily increase of 12.50, a weekly increase of 94.00, a monthly decrease of 47.50, and a year - on - year decrease of 9.20% [2] - The 05 basis is 103.55, with a daily decrease of 17.50, a weekly decrease of 68.00, a monthly decrease of 75.43, and a year - on - year decrease of 98.47 [2] - The 09 basis is 30.05, with a daily decrease of 21.50, a weekly decrease of 64.00, a monthly decrease of 84.43, and a year - on - year decrease of 98.47 [2] - The 01 basis is 245.05, with a daily decrease of 12.50, a weekly decrease of 94.00, a monthly decrease of 83.93, and a year - on - year decrease of 31.47 [2] - The 5 - 9 spread is - 141.50, with a daily decrease of 5.00, a weekly increase of 26.00, a monthly increase of 8.50, and a year - on - year decrease of 67.00 [2] - The 9 - 1 spread is - 73.50, with a daily decrease of 4.00, a weekly increase of 4.00, a monthly decrease of 9.00, and no year - on - year change [2] - The 1 - 5 spread is 215.00, with a daily increase of 9.00, a weekly decrease of 30.00, a monthly increase of 0.50, and a year - on - year increase of 67.00 [2]