格林期货早盘提示：焦煤、焦炭-20260310

1. Report's Industry Investment Rating - The investment rating for the coking coal and coke in the black sector is "oscillating with an upward bias" [1] 2. Core View of the Report - The coking coal and coke markets are expected to run strongly in the short - term driven by sentiment, but attention should be paid to the price fluctuations of the fundamentals and the spot market [1] 3. Summary by Relevant Catalogs 3.1 Market Quotes - Yesterday's daytime session, the main coking coal contract Jm2605 closed at 1168.0, a 4.01% increase compared to the previous daytime close; the main coke contract J2605 closed at 1740.0, a 2.62% increase compared to the previous daytime close [1] 3.2 Important News - US President Trump said that the war between the US and Iran may end soon, causing a rapid decline in US oil prices [1] - In February, the month - on - month increase of the national consumer price index (CPI) expanded from 0.2% last month to 1.0%, the highest in nearly two years; the year - on - year increase expanded from 0.2% last month to 1.3%, the highest in nearly three years [1] - During the Two Sessions in 2026, many NPC deputies and CPPCC members made suggestions on the development of the coal industry, mainly focusing on carbon reduction, pollution reduction, and ecological environmental protection [1] - On March 7, 2026, the auction of Zhongmei Huali Hesheng coking coal (A12 S0.5 V24 G90) in Jinzhong City, Shanxi Province had a starting price of 1,370 yuan/ton and a quantity of 0.5 million tons, and all were sold at 1,383 - 1,387 yuan/ton. In the previous period (February 25, 2026), the starting price was 1,370 yuan/ton, the quantity was 0.3 million tons, and all were sold at 1,376 - 1,380 yuan/ton. The average transaction price increased by 7 yuan/ton [1] 3.3 Market Logic - The main coking coal contract reduced its positions by more than 70,000 lots yesterday, and the price once hit the daily limit. The sharp rise was mainly due to the risk - aversion behavior of short - selling funds. The escalating US - Iran issue drove up international energy prices, and as oil prices increased, coal's substitution effect in the energy supply and chemical fields became more prominent. Although the fundamentals of coking coal are still bearish, market sentiment pushed short - sellers to close their positions. The market sentiment in the night session yesterday was somewhat alleviated [1] 3.4 Trading Strategy - In the short - term, it will run strongly driven by sentiment [1]