观望情绪仍存，煤焦震荡调整：煤焦日报-20260106

Report Industry Investment Rating - No relevant information provided Core Viewpoints - On January 6th, the coke main contract closed at 1,655 yuan/ton, with an intraday decline of 0.72%. The downstream resumption of production and winter storage may support the coke price, but whether it can rebound depends on demand improvement and new policy benefits [5][32]. - On January 6th, the coking coal main contract closed at 1,096 points, with an intraday decline of 0.09%. In January, coking coal is expected to see an increase in both supply and demand. The resumption rhythm of upstream and downstream industries is the short - term focus of market game, and the price may maintain low - level volatile operation [5][32]. Summary by Directory Industry News - From December 29, 2025, to January 4, 2026, the total transaction area of new commercial housing in 10 key cities was 2.3394 million square meters, a week - on - week decrease of 20.3% and a year - on - year decrease of 10.9%. The total transaction area of second - hand housing was 1.2305 million square meters, a week - on - week decrease of 34.1% and a year - on - year decrease of 47.5% [7]. - On January 6th, the price of coking coal in Linfen Anze market remained stable, with the ex - factory price of low - sulfur main coking clean coal A9, S0.5, V20, G85 being 1,500 yuan/ton [8]. Spot Market | Variety | Current Value | Weekly Change | Monthly Change | Annual Change | Same - Period Change | | --- | --- | --- | --- | --- | --- | | Coke (Rizhao Port quasi - first - grade flat - price) | 1,470 yuan/ton | - 3.29% | - 3.29% | - 13.02% | - 13.02% | | Coke (Qingdao Port quasi - first - grade ex - warehouse) | 1,440 yuan/ton | - 0.69% | - 0.69% | - 11.11% | - 10.56% | | Coking Coal (Ganqimaodu Port Mongolian coal) | 1,110 yuan/ton | - 0.89% | - 1.77% | - 5.93% | - 5.93% | | Coking Coal (Jingtang Port Australian - produced) | 1,480 yuan/ton | - 2.63% | - 1.99% | - 0.67% | - 0.67% | | Coking Coal (Jingtang Port Shanxi - produced) | 1,650 yuan/ton | - 2.94% | - 2.94% | 7.84% | 7.84% | [9] Futures Market | Futures | Active Contract | Closing Price | Change | High | Low | Volume | Volume Difference | Open Interest | Open Interest Difference | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | Coke | | 1,655 yuan/ton | - 0.72% | 1,659 yuan/ton | 1,625.5 yuan/ton | 18,752 | 1,195 | 36,738 | + 1,564 | | Coking Coal | | 1,096 points | - 0.09% | 1,098 points | 1,062 points | 898,934 | 211,193 | 499,345 | - 2,636 | [12] Relevant Charts - The report includes multiple charts showing the inventory of coke and coking coal in different entities (such as 230 independent coking plants, 247 steel - mill coking plants, ports, etc.) over the years, as well as charts related to domestic steel - mill production, Shanghai terminal line - screw procurement volume, coal - washing plant production, and coking plant operation [13][14][18][19][24]