Core Viewpoint - The article emphasizes the importance of ecological environment protection and the need for effective rectification of issues identified by the Central Ecological Environment Protection Inspection, highlighting the commitment to building a beautiful Suzhou [1][2]. Group 1: Ecological Environment Protection - The local government is actively addressing feedback from the Central Ecological Environment Protection Inspection, focusing on political responsibility and long-term solutions [1][2]. - Specific measures include improving soil conditions and conducting scientific reclamation in agricultural areas, as well as addressing noise pollution through community engagement and infrastructure improvements [1][2]. Group 2: Safety Production - The article discusses the importance of safety production in enterprises, with a focus on implementing strict safety protocols and regular equipment checks to ensure employee safety [1][2]. - The government aims to enhance safety production through the establishment of safety demonstration parks and enterprises, as well as strengthening the workforce involved in safety management [2].

Group 1 - The core point of the article is the investigation of Luan Fengjiang, a senior official in Qinghai Province, for serious violations of discipline and law, currently under disciplinary review and supervision by the Qinghai Provincial Commission for Discipline Inspection and Supervision [1] Group 2 - Luan Fengjiang, born in September 1968, has held various positions including Deputy Mayor of Golmud City and Deputy Director of the Qinghai Provincial State-owned Assets Supervision and Administration Commission [3] - In June, Luan was given a warning due to issues related to the chaotic expansion of salt lake resource development in the Chaidamu Basin, which exacerbated ecological burdens [3] - The Central Inspection Team has been deployed in Qinghai Province for approximately two and a half months, focusing on political deviations and addressing prominent issues raised by the public [3][4]

Group 1 - The economic performance of China's light industry has shown signs of recovery in the first five months of the year [8] - The new revised Mineral Resources Law has come into effect today [18] Group 2 - The railway summer transportation season has started, with an expected passenger volume of 953 million [10] - The film box office in China for the first half of 2025 reached 29.231 billion [14]

Report Summary 1. Report Industry Investment Rating No relevant information provided. 2. Report's Core View - On May 29, the JM2509 contract of coking coal closed at 759.0, down 3.98%. The spot price of Meng 5 raw coal was reported at 736, down 4 yuan/ton. With a loose supply, stable mine production, and an increase in clean coal inventory, the 4-hour K - line is below the 20 and 60 - day moving averages. It is expected to move weakly in a volatile manner [2]. - On May 29, the J2509 contract of coke closed at 1332.0, down 1.62%. The second - round price cut in the spot market has been implemented. Loose raw material supply weakens cost support, and hot metal production has declined from its high. The average loss per ton of coke in 30 independent coking plants nationwide is 15 yuan/ton this period. The 4 - hour K - line is below the 20 and 60 - day moving averages. It is expected to move weakly in a volatile manner [2]. 3. Summary by Relevant Catalogs 3.1 Futures Market - **Prices and Positions**: The closing price of the JM main contract was 759.00 yuan/ton, down 20.00 yuan; the J main contract closed at 1332.00 yuan/ton, down 6.50 yuan. The JM futures contract持仓量 increased by 19342.00 hands to 634111.00 hands, while the J futures contract持仓量 decreased by 882.00 hands to 59538.00 hands [2]. - **Net Positions and Spreads**: The net position of the top 20 coking coal contracts was - 50247.00 hands, an increase of 6477.00 hands; the net position of the top 20 coke contracts was 1449.00 hands, an increase of 930.00 hands. The JM1 - 9 month contract spread was 19.00 yuan/ton, up 3.00 yuan; the J1 - 9 month contract spread was 18.00 yuan/ton, down 6.00 yuan [2]. - **Warehouse Receipts**: The coking coal warehouse receipts were 0.00, unchanged; the coke warehouse receipts were 430.00, unchanged [2]. 3.2 Spot Market - **Coking Coal**: The price of Ganqimao Meng 5 raw coal was 755.00 yuan/ton, down 5.00 yuan; the price of Russian coking coal forward spot (CFR) was 117.50 US dollars/wet ton, unchanged. The price of Australian imported coking coal at Jingtang Port was 1220.00 yuan/ton, down 170.00 yuan; the price of Shanxi - produced coking coal at Jingtang Port was 1300.00 yuan/ton, unchanged [2]. - **Coke**: The price of Tangshan quasi - first - grade metallurgical coke was 1520.00 yuan/ton, down 55.00 yuan; the price of Tangshan second - grade metallurgical coke was 1525.00 yuan/ton, down 55.00 yuan. The price of first - grade metallurgical coke at Tianjin Port was 1440.00 yuan/ton, down 50.00 yuan; the price of quasi - first - grade metallurgical coke at Tianjin Port was 1340.00 yuan/ton, down 50.00 yuan [2]. - **Basis**: The JM main contract basis was 291.00 yuan/ton, up 20.00 yuan; the J main contract basis was 188.00 yuan/ton, down 48.50 yuan [2]. 3.3 Upstream Situation - **Inventory and Production**: The raw coal inventory of 110 coal washing plants was 310.98 million tons, down 5.50 million tons; the clean coal inventory was 222.07 million tons, up 7.33 million tons. The raw coal production was 38930.60 million tons, down 5127.60 million tons; the import volume of coal and lignite was 3783.00 million tons, down 90.00 million tons [2]. - **Port Inventory**: The inventory of imported coking coal at 16 ports was 535.49 million tons, down 9.98 million tons; the inventory of coke at 18 ports was 276.68 million tons, down 4.70 million tons [2]. - **Enterprise Inventory**: The total inventory of coking coal in independent coking enterprises was 865.73 million tons, down 19.20 million tons; the inventory of coking coal in 247 steel mills was 798.75 million tons, up 7.54 million tons [2]. 3.4 Industry Situation - **Supply and Demand**: The import volume of coking coal was 889.34 million tons, up 25.97 million tons; the export volume of coke and semi - coke was 55.00 million tons, down 21.00 million tons. The production of coking coal was 4161.47 million tons, unchanged; the production of coke was 4160.00 million tons, up 30.60 million tons [2]. - **Capacity Utilization and Profit**: The capacity utilization rate of independent coking enterprises was 75.87%, up 0.17%; the profit per ton of coke in independent coking plants was - 15.00 yuan/ton, down 22.00 yuan [2]. 3.5 Downstream Situation - **Steel Production**: The blast furnace operating rate of 247 steel mills was 83.67%, down 0.46%; the blast furnace iron - making capacity utilization rate was 91.30%, down 0.44%. The crude steel production was 8601.90 million tons, down 682.24 million tons [2]. 3.6 Industry News - Putin put forward conditions to end the Ukraine war, including written commitments from Western leaders to stop NATO's eastward expansion, and Russia hopes for Ukraine's neutrality, lifting of some Western sanctions, and resolution of frozen sovereign assets [2]. - Chinese Vice - Premier Zhang Guoqing said that platform companies should use traffic resources to support high - quality products and services, follow fair rules, and curb malicious competition [2]. - The Trump administration ordered US semiconductor design software companies to stop selling services to Chinese enterprises [2].

Group 1 - State-owned enterprises are required to gradually adjust and optimize their equity structure based on functional positioning, and to clarify their main responsibilities and industries to prevent blind and disorderly diversification [1] - The chief China equity strategist at Goldman Sachs indicates that the potential resilience of the RMB supports an overweight stance on the Chinese stock market, with expectations of a moderate improvement in corporate earnings outlook and an increase in foreign capital inflow into the Chinese stock market [1] - The third round of the fourth batch of central ecological and environmental protection inspections has been fully launched, with eight inspection teams conducting inspections in five provinces and regions, and also targeting three central enterprises [1] Group 2 - Longi Green Energy's CEO Li Zhenguo has resigned from his position as general manager and legal representative [2] - Zhongyida has stated that if there are further significant anomalies in the company's stock trading, it will apply for a suspension of trading for verification [2] - Suzhou Longjie has seen its TTM price-to-earnings ratio slightly above the industry median level [2]

新华社北京5月12日电 题：高擎督察利剑 护卫绿水青山——中央生态环境保护督察十年成效回眸 10年前，燕赵大地，全国10个污染最严重城市中，河北占了7个。 2024年，河北省设区市全部退出全国"后十"。 这一巨变的背后，离不开督察的推动作用。 生态环境保护能否落到实处，关键在领导干部，根本在制度保障。建立中央生态环境保护督察制 度，是生态文明制度建设的关键一招。 2015年7月，习近平总书记主持召开中央全面深化改革领导小组第十四次会议，会议审议通过《环 境保护督察方案（试行）》。会议指出，建立环保督察工作机制是建设生态文明的重要抓手。 新华社记者高敬、魏弘毅 绿水青山的美丽中国，凝聚着人民对美好生活的向往。 自2015年环境保护督察制度建立以来，督察就如同一柄利剑，守护着祖国的绿水青山。近日，中共 中央、国务院印发《生态环境保护督察工作条例》，引领督察工作法治化、规范化、制度化开展，将有 助于继续发挥督察利剑作用，助力美丽中国建设。 督察法规制度体系不断完善 口"就业增收。 当年年底，因空气质量而备受关注的河北省，成为首个督察试点。督察组直奔问题、直奔现场，反 馈报告直指病灶、一针见血。 对此，习近平总书记肯 ...