格林大华期货早盘提示：焦煤、焦炭-20260113

Report Summary 1. Report Industry Investment Rating No industry investment rating was provided in the report. 2. Core Viewpoints - The report suggests that the coking coal and coke in the black sector will show a range - bound trend. Although there was a slight correction in the black sector during the night session yesterday, the coking coal and coke are expected to have an oscillating market during today's daytime session [2]. 3. Summary by Relevant Catalogs 3.1 Market Quotes - Yesterday, the main contract of coking coal Jm2605 closed at 1238.0, up 3.55% from the opening of the daytime session; the main contract of coke J2605 closed at 1770.0, up 1.26% from the opening of the daytime session. During the night session, Jm2605 closed at 1213.5, down 1.98% from the daytime close, and J2605 closed at 1754.0, down 0.9% from the daytime close [2]. 3.2 Important News - Multiple cities in Hebei and Liaocheng launched or announced the launch of heavy - pollution weather level - II emergency responses between January 12 - 13, 2026 [2]. - The Dalian Commodity Exchange plans to modify the iron ore futures contracts and business rules, adjusting the reference standards for inspection methods in the iron ore delivery quality standards [2]. - On January 12, some coking enterprises in Inner Mongolia announced a 50 - yuan - per - ton price increase for secondary and tertiary coke starting from January 13, 2026 [2]. 3.3 Market Logic - Coking coal prices rose on Monday. Last week, the speculation of supply - side production restrictions coincided with the downstream restocking demand, driving the spot auction prices to stabilize and rebound. Last week, the molten iron output rebounded to 230,000 tons. After four consecutive rounds of coke price cuts, steel mills saw some profit margins, and with the arrival of restocking demand, coke initiated the first round of price increase, but the mainstream market has not responded yet. The fundamentals of coking coal and coke showed signs of recovery over the weekend, which briefly boosted market sentiment [2]. 3.4 Trading Strategies - Considering the slight correction in the black sector during the night session yesterday, the coking coal and coke are expected to have an oscillating market during today's daytime session [2].