双焦周报：市场交投偏淡，期价震荡偏弱-20260224

Group 1: Report Overview - The report is a weekly report on coking coal and coke, released on February 24, 2026 [1] - The market is expected to be stable but weak after the Spring Festival, with overall supply and demand basically balanced [2] Group 2: Market Review and Outlook - During the Spring Festival, the domestic coking coal market showed a pattern of weak supply and demand, with prices lacking a clear one - way driver and trading atmosphere at a low level [2] - After the holiday, the resumption of work is expected to be slow. Steel mills may plan to lower coke prices, and if downstream demand recovers slowly, it will increase upstream inventory pressure, which is bearish for coal - coke prices [2] Group 3: Weekly Data Changes - The total inventory of coking coal increased by 27.3 tons to 2426.65 tons, a week - on - week increase of 1.14% [4] - The total inventory of coke increased by 9.08 tons to 985.3 tons, a week - on - week increase of 0.93% [4] - The daily average pig iron output of steel mills increased by 1.91 tons to 230.49 tons, a week - on - week increase of 0.84% [4] - The profit per ton of coke for independent coking enterprises increased by 2 yuan to - 8 yuan/ton, a week - on - week decrease of 20% [4] Group 4: Data Sources and Graphs - The data sources of the report are Steel Union Terminal and Ningzheng Futures [7] - The report includes graphs on futures and spot markets, as well as fundamental data such as production, inventory, and profit [6][8][14][15]