格林期货早盘提示：焦煤、焦炭-20260108

Report Summary 1) Report Industry Investment Rating - Not provided in the given content 2) Core View of the Report - The coking coal and coke market is expected to be volatile and bullish in the short term due to the expected increase in downstream replenishment demand near the Spring Festival and market sentiment driven by news speculation. However, it is necessary to pay attention to the spot market and inventory trends. If the coking coal fails to effectively break through the upper pressure level of 1300, short positions can be considered on rallies [1]. 3) Summary by Relevant Catalogs [Market Quotes] - On the previous day's daytime session, the main contract of coking coal (Jm2605) closed at 1164.0, up 6.20% from the daytime opening; the main contract of coke (J2605) closed at 1773.0, up 7.13% from the daytime opening. During the previous night session, the main contract of coking coal (Jm2605) closed at 1215.0, up 4.38% from the daytime close; the main contract of coke (J2605) closed at 1781.5, up 0.48% from the daytime close [1]. [Important Information] - The Ministry of Industry and Information Technology issued the "Action Plan for the Integration and Empowerment of Industrial Internet and Artificial Intelligence", accelerating the deployment and application in industrial enterprises in key industries such as raw materials, equipment manufacturing, consumer goods, and electronic information, and promoting more than 50,000 enterprises to implement the transformation and upgrading of new industrial networks [1]. - On January 7, the ex - factory price of ordinary billet resources in Qian'an, Tangshan increased by 50 yuan in total, reporting 2980 yuan/ton [1]. - This week, the capacity utilization rate of 314 independent coal washing plants was 35.4%, a month - on - month increase of 0.3%; the daily output of clean coal was 261,000 tons, a month - on - month increase of 3,000 tons; the clean coal inventory was 3.197 million tons, a month - on - month decrease of 94,000 tons [1]. - Shaanxi Coal Industry's coal production in December 2025 was 14.74 million tons, a year - on - year decrease of 1.03%; the cumulative coal production in 2025 was 174.9056 million tons, a year - on - year increase of 2.59% [1]. [Market Logic] - There were news that the coal production capacity in Shaanxi, Shanxi and other places would be reduced in 2026, which led to a sharp rise in the coking coal futures market. Although the news has not been verified, after the continuous decline of coking coal prices, there was a lack of rebound drivers, and the previous low had strong support. Near the Spring Festival, the expected increase in downstream replenishment demand and news speculation pushed up market sentiment and the futures market [1]. [Trading Strategy] - In the short term, the market is expected to be bullish due to sentiment. Pay attention to the upper pressure level of 1300. If it cannot break through effectively, short positions can be considered on rallies [1].