瑞达期货焦煤焦炭产业日报-20260310

1. Report Industry Investment Rating - No relevant information provided 2. Core View of the Report - The fundamentals of coking coal and coke are loose, which exerts pressure on prices. In the short - term, geopolitical factors and Two Sessions policies provide support. It is expected that the futures prices will fluctuate widely [2]. 3. Summary by Relevant Catalogs 3.1 Futures Market - JM主力合约收盘价为1121.50元/吨，环比下降46.50元；J主力合约收盘价为1680.50元/吨，环比下降59.50元 [2]. - JM期货合约持仓量为608649.00手，环比增加7413.00手；J期货合约持仓量为41618.00手，环比减少3249.00手 [2]. - 焦煤前20名合约净持仓为 - 82084.00手，环比减少13916.00手；焦炭前20名合约净持仓为 - 3587.00手，环比增加1156.00手 [2]. - JM9 - 5月合约价差为97.00元/吨，环比增加13.50元；J9 - 5月合约价差为76.00元/吨，环比增加12.50元 [2]. - 焦煤仓单为18000.00张，环比增加18000.00张；焦炭仓单为1310.00张，环比无变化 [2]. 3.2 Spot Market - 干其毛都蒙5原煤价格为1060.00元/吨，环比增加40.00元；唐山一级冶金焦价格为1665.00元/吨，环比无变化 [2]. - 俄罗斯主焦煤远期现货（CFR）价格为165.00美元/湿吨，环比增加2.50美元；日照港准一级冶金焦价格为1470.00元/吨，环比无变化 [2]. - 京唐港澳大利亚进口主焦煤（场地价）为1580.00元/吨，环比增加10.00元；天津港一级冶金焦价格为1570.00元/吨，环比无变化 [2]. - 京唐港山西产主焦煤（场地价）为1610.00元/吨，环比无变化；天津港准一级冶金焦价格为1470.00元/吨，环比无变化 [2]. - 山西晋中灵石中硫主焦价格为1387.00元/吨，环比无变化；J主力合约基差为 - 15.50元/吨，环比增加59.50元 [2]. - 内蒙古乌海产焦煤出厂价为1280.00元/吨，环比无变化；JM主力合约基差为183.50元/吨，环比增加46.50元 [2]. 3.3 Upstream Situation - 314家独立洗煤厂精煤产量为19.90万吨，环比增加3.00万吨；314家独立洗煤厂精煤库存为288.50万吨，环比减少10.40万吨 [2]. - 314家独立洗煤厂产能利用率为0.27%，环比增加0.04%；原煤产量为43703.50万吨，环比增加1024.20万吨 [2]. - 煤及褐煤进口量为3094.27万吨，环比减少2765.73万吨；523家炼焦煤矿山原煤日均产量为182.90万吨，环比增加31.30万吨 [2]. - 16个港口进口焦煤库存为485.74万吨，环比减少8.70万吨；独立焦企全样本炼焦煤总库存为796.15万吨，环比减少33.31万吨 [2]. - 焦炭18个港口库存为270.71万吨，环比增加9.01万吨；独立焦企全样本焦炭库存为63.20万吨，环比增加1.01万吨 [2]. - 全国247家钢厂炼焦煤库存为775.64万吨，环比减少16.82万吨；全国247家样本钢厂焦炭库存为671.26万吨，环比减少3.85万吨 [2]. - 独立焦企全样本炼焦煤可用天数为12.41天，环比减少0.24天；247家样本钢厂焦炭可用天数为12.53天，环比增加0.12天 [2]. 3.4 Industry Situation - 炼焦煤进口量为1376.98万吨，环比增加303.87万吨；焦炭及半焦炭出口量为100.00万吨，环比增加28.00万吨 [2]. - 炼焦煤总供给为5478.50万吨，环比增加238.97万吨；独立焦企产能利用率为72.29%，环比下降0.54% [2]. - 独立焦化厂吨焦盈利情况为17.00元/吨，环比增加24.00元；焦炭产量为4274.30万吨，环比增加104.00万吨 [2]. 3.5 Downstream Situation - 全国247家钢厂高炉开工率为77.71%，环比下降2.51%；247家钢厂高炉炼铁产能利用率为85.32%，环比下降2.13% [2]. - 粗钢产量为6817.74万吨，环比下降169.36万吨 [2]. 3.6 Industry News - During the Two Sessions in 2026, many NPC deputies and CPPCC members put forward suggestions on the development of the steel industry, focusing on capacity control, rectifying "involution - style" competition, and supporting the development of "AI + steel" [2]. - The G7 finance ministers held a phone call to discuss how to deal with the soaring oil prices caused by the war between the US, Israel and Iran. They basically reached a consensus not to release strategic oil reserves for the time being. US President Trump said that the war against Iran might end soon, which led to a rapid decline in US oil prices [2]. 3.7 Viewpoint Summary - On the supply side, the operating load of coking enterprises has been reduced, the in - plant inventory has continued to accumulate, and the profit per ton of coke has turned positive. On the demand side, affected by the Two Sessions, the steel mill's start - up and hot metal production have declined [2]. - Technically, the intraday coking coal main contract closed down 3.86% to 1121.5, below the 20 - day and 60 - day moving averages, with the MACD red column shrinking, and DIFF and DEA below the 0 - axis. Affected by Trump's statement that the war may end soon, crude oil dropped sharply, driving the coal sector to weaken synchronously [2]. - The coking coal and coke fundamentals are loose, which exerts pressure on the futures prices. In the short - term, there is certain support from geopolitical sentiment and Two Sessions policy expectations. It is expected that the futures prices will fluctuate widely [2].