煤焦：情绪偏低迷，盘面弱势震荡

Group 1: Report Industry Investment Rating - No relevant content Group 2: Core Viewpoints of the Report - The current supply - demand contradiction of coal and coke is general, the overall sentiment in the ferrous metal market is weak, and prices are running weakly. Attention should be paid to the control of position risks in the last week before the Spring Festival [3] Group 3: Summary by Related Catalogs Market Performance - Yesterday, the futures prices of coal and coke fluctuated and closed slightly higher, but the prices weakened again at night. Recently, the overall trend of steel and ore has been weak, and the seasonal off - season has restricted the rebound height of coal and coke [3] Fundamental Situation - Last week, domestic coal mines began to stop production for holidays one after another. Mines in Yunnan, Jinzhong of Shanxi and other places had earlier holidays, and the output declined significantly. Around the 23rd day of the twelfth lunar month this week, private coal mines will enter the peak holiday period, with a sharp increase in shut - down mines and a significant decline in output. Last week, the daily production of raw coal and clean coal was 1.925 million tons and 755,000 tons respectively, a decrease of 53,000 tons and 16,000 tons respectively compared with the previous week. The expectation of coal reduction has a certain support for coal prices, but the production reduction basically conforms to the previous years' rules, and downstream has stocked up in advance, so there is no continuous upward driving force [3] Import and Demand - Last week, the daily customs clearance volume at the Ganqimaodu Port for Mongolian coal decreased slightly. On the demand side, steel mill production was relatively stable, and the daily average pig iron output was maintained at around 2.28 million tons [3]