瑞达期货焦煤焦炭产业日报-20260203

Group 1: Report Industry Investment Rating - No relevant information provided Group 2: Core Viewpoints of the Report - The coking coal market is in a weak balance with reduced supply and weak demand as winter storage nears its end, and is expected to fluctuate. Attention should be paid to steel - coking profits and the shutdown situation in the industrial chain [2] - The coke market has supply contraction and iron - water demand falling short of expectations. With pre - holiday winter storage approaching the end and downstream rigid demand procurement, it is also expected to fluctuate. Attention should be paid to steel - coking profits and the shutdown situation in the industrial chain [2] Group 3: Summary by Relevant Catalogs Futures Market - JM main contract closing price increased by 26 yuan/ton to 1167.50 yuan/ton, and J main contract closing price increased by 34.50 yuan/ton to 1715.00 yuan/ton [2] - JM futures contract positions increased by 5864 hands to 577813 hands, while J futures contract positions decreased by 156 hands to 38269 hands [2] - The net positions of the top 20 JM contracts decreased by 3441 hands to - 80491 hands, and the net positions of the top 20 J contracts decreased by 211 hands to - 1165 hands [2] - JM 9 - 5 month contract spread decreased by 6.50 yuan/ton to 78.00 yuan/ton, and J 9 - 5 month contract spread increased by 3.00 yuan/ton to 69.00 yuan/ton [2] - The number of coking coal warehouse receipts remained at 0, and the number of coke warehouse receipts remained at 1480 [2] Spot Market - The price of Ganqimao Du Meng 5 raw coal increased by 3 yuan/ton to 1027 yuan/ton, and the price of Tangshan Grade 1 metallurgical coke remained at 1720 yuan/ton [2] - The price of Russian main coking coal forward spot remained at 164 dollars/wet ton, and the price of Rizhao Port quasi - Grade 1 metallurgical coke remained at 1520 yuan/ton [2] - The price of imported main coking coal from Australia at Jingtang Port increased by 10 yuan/ton to 1620 yuan/ton, and the price of Grade 1 metallurgical coke at Tianjin Port remained at 1620 yuan/ton [2] - The price of Shanxi - produced main coking coal at Jingtang Port remained at 1780 yuan/ton, and the price of quasi - Grade 1 metallurgical coke at Tianjin Port remained at 1520 yuan/ton [2] - The price of medium - sulfur main coking coal in Lingshi, Jinzhong, Shanxi remained at 1400 yuan/ton, and the J main contract basis decreased by 34.50 yuan/ton to 5 yuan/ton [2] - The ex - factory price of coking coal produced in Wuhai, Inner Mongolia remained at 1330 yuan/ton, and the JM main contract basis decreased by 26 yuan/ton to 177.50 yuan/ton [2] Upstream Situation - The daily output of clean coal from 314 independent coal washing plants decreased by 0.80 tons to 26.80 tons, and the weekly inventory of clean coal from 314 independent coal washing plants decreased by 11.60 tons to 311.60 tons [2] - The weekly capacity utilization rate of 314 independent coal washing plants decreased by 0.01% to 0.37%, and the monthly raw coal output increased by 1024.20 tons to 43703.50 tons [2] - The monthly import volume of coal and lignite increased by 1455 tons to 5860 tons, and the daily average output of raw coal from 523 coking coal mines decreased by 1.60 tons to 197.80 tons [2] - The weekly inventory of imported coking coal at 16 ports decreased by 15 tons to 547.99 tons, and the weekly inventory of coking coal in the full - sample of independent coking enterprises increased by 57.08 tons to 1234.79 tons [2] - The weekly inventory of coke at 18 ports decreased by 6.19 tons to 263.07 tons, and the weekly inventory of coke in the full - sample of independent coking enterprises increased by 2.94 tons to 84.39 tons [2] - The weekly inventory of coking coal in 247 steel mills nationwide increased by 11.12 tons to 814.36 tons, and the weekly inventory of coke in 247 sample steel mills increased by 16.55 tons to 678.19 tons [2] Industry Situation - The available days of coking coal in the full - sample of independent coking enterprises increased by 0.15 days to 13.03 days, and the available days of coke in 247 sample steel mills increased by 0.19 days to 12.54 days [2] - The monthly import volume of coking coal increased by 303.83 tons to 1376.98 tons, and the monthly export volume of coke and semi - coke increased by 28 tons to 100 tons [2] - The monthly total supply of coking coal increased by 238.93 tons to 5478.50 tons, and the weekly capacity utilization rate of independent coking enterprises decreased by 0.14% to 72.41% [2] - The weekly profit per ton of coke in independent coking plants increased by 11 yuan/ton to - 55 yuan/ton, and the monthly coke output increased by 104 tons to 4274.30 tons [2] Downstream Situation - The weekly blast furnace operating rate of 247 steel mills nationwide increased by 0.32% to 79.00%, and the weekly blast furnace iron - making capacity utilization rate of 247 steel mills decreased by 0.04% to 85.47% [2] - The monthly crude steel output decreased by 169.36 tons to 6817.74 tons [2] Industry News - Recently, 10 steel mills announced Spring Festival maintenance plans. For example, Chengshi Iron and Steel of Dusteel Group plans to shut down for maintenance from February 1st to 28th, 2026, reducing the output of construction steel by about 17 tons [2] - A survey of nearly 50 steel trading enterprises in 13 leading markets in Shandong showed that the overall winter storage volume of the surveyed enterprises this year decreased by 38.35% compared with last year [2]