宝城期货煤焦早报（2026年2月9日）-20260209

Report Summary 1. Report Industry Investment Rating - Not provided in the given content 2. Report's Core Viewpoint - The short - term, medium - term and reference views for both coking coal (JM) and coke (J) are "oscillation". The intraday view for both is "oscillating strongly". Coking coal is expected to maintain a low - level range oscillation, and coke is expected to oscillate and consolidate due to stable supply and demand [1][5][6] 3. Summary by Related Catalogs Coking Coal (JM) - Production: As of the week of February 6, the daily average output of clean coal from 523 coking coal mines nationwide was 75.5 million tons, a week - on - week decrease of 1.6 million tons. Coking coal production will experience a short - term contraction approaching the Spring Festival but is expected to recover quickly after the festival [5] - Import: In January, the Ganqimaodu Port had a total of 30,877 vehicle clearances. Although it decreased by 17.2% compared to December, it increased by 42.9% year - on - year, and Mongolian coal imports are still at a relatively high level [5] - Demand: The combined daily average output of coke from independent coking plants and steel - mill coking plants was 110.38 million tons, a week - on - week increase of 0.53 million tons [5] - Outlook: The fundamental support for coking coal is limited, and there are still concerns about medium - to - long - term demand. Before the Spring Festival, coking coal prices are expected to maintain a low - level oscillation pattern [5] Coke (J) - Supply: As of the week of February 6, the combined daily average output of coke from all - sample independent coking plants and steel - mill coking plants was 110.38 million tons, a week - on - week increase of 0.53 million tons and a year - on - year decrease of 1.62 million tons [6] - Demand: The daily average pig iron output of 247 steel mills was 228.58 million tons, a week - on - week increase of 0.6 million tons per day and a year - on - year increase of 0.14 million tons [6] - Outlook: There are no obvious changes in the coke fundamentals this week. Both supply and demand have increased slightly at a low level, lacking one - sided momentum. In the short term, coke futures are expected to maintain a low - level oscillation pattern [6]