【煤炭开采】夏季全国煤炭交易会召开，煤炭供需维持稳定——煤炭开采行业周报（2025.7.7~2025.7.13）（李晓渊/蒋山）

Core Viewpoint - The coal supply and demand in China remains stable, with expectations for electricity consumption growth in the coming years [3][4]. Group 1: Coal Market Overview - The summer national coal trading conference was held on July 10, 2025, emphasizing the need for the coal and electricity sectors to adapt to new roles in the power system and strengthen coal supply-demand connections [3]. - The average price of thermal coal at Qinhuangdao port was 628 RMB/ton, reflecting a week-on-week increase of 7 RMB/ton (+1.06%) [4]. - The average price of thermal mixed coal in Yulin, Shaanxi, remained stable at 475 RMB/ton [4]. - The FOB price of thermal coal at Newcastle port in Australia was 65 USD/ton, showing a slight increase of 0.37% [4]. Group 2: Production and Inventory Levels - The operating rate of 110 sample coal washing plants was 62.3%, a week-on-week increase of 2.6 percentage points, but still at a five-year low [5]. - The average daily pig iron output was 240.79 million tons, with a slight decrease of 0.6% week-on-week but a year-on-year increase of 0.6% [5]. - As of July 11, coal inventory at Qinhuangdao port was 5.6 million tons, down 1.75% week-on-week, while inventory at Bohai Rim ports was 26.89 million tons, down 2.36% week-on-week [6]. - The inventory of independent coking plants was 7.5244 million tons, up 5.02% week-on-week, while sample steel mills had 7.8293 million tons, down 0.84% week-on-week [6]. Group 3: Seasonal and Environmental Factors - The outflow from the Three Gorges Dam increased to 24,186 cubic meters per second, reflecting a week-on-week increase of 25.04% and a year-on-year increase of 14.78% [5].