上周焦炭 2601 合约周五收于 1574.5，周跌幅 2.48%，现货市场主流地区报价 暂稳运行。 姓名：申伟光 从 业 资 格 号 ： 财达期货｜焦煤焦炭周报 2025-12-01 焦炭提降预期增强，双焦期价大幅下跌 【期现行情】 上周焦煤 2601 合约周五收于 1067，周跌幅 3.26%，现货市场主流地区报价偏 弱运行。 研究员 【基本面分析】 F03088716 焦煤： 投 资 咨 询 号 ： Z0019628 供应端：上周全国 523 家炼焦煤矿山核定产能利用率 86%，环比下降 0.9%；精 煤日均产量 76.4 万吨，环比增加 0.6 万吨。全国 314 家独立洗煤厂产能利用率 36.3%，环比下降 1.3%；精煤日均产量 26.6 万吨，环比减少 1 万吨。上周，煤矿主 产地安全及环保检查未有放松，煤矿复产节奏缓慢，且有新增停产煤矿，短期内炼 焦煤原料端供应受限。库存方面，焦煤价格持续偏弱，下游观望情绪增加，拉运积 极性下降，煤矿出货压力增加，炼焦煤矿山原煤及精煤库存大幅累库，独立洗煤厂 精煤库存累库。 需求端：钢厂高炉开工率仍维持相对高位，对炼焦煤刚性需求仍存。焦炭第四 轮提涨落地后，焦 ...

Group 1 - The Ministry of Commerce announced China's first anti-circumvention investigation ruling, determining that U.S. exporters circumvented anti-dumping measures on non-dispersive single-mode optical fibers by exporting related cutoff wavelength shifted single-mode optical fibers to China. Anti-circumvention measures will be implemented from September 4 [1] - In August, the U.S. ADP employment increased by 54,000, significantly below the market expectation of 65,000, with a revised figure of 104,000 for July. The ISM services PMI for August was reported at 52, marking the fastest expansion in six months, driven by the strongest growth in orders in nearly a year [1][5] Group 2 - In the dual-fuel market, the main contract showed a strong trend, with a continued decrease in coking coal positions. Steel production from the five major materials decreased week-on-week, while total inventory continued to accumulate, particularly in hot-rolled coil [2][25] - Methanol prices increased by 1.18% in the night session, with a significant rise in the number of imported cargoes arriving at ports. Coastal methanol inventory reached 1.3985 million tons, a historical high, with a week-on-week increase of 99,000 tons [3][14] - In the precious metals market, gold prices fell after a period of consolidation, with market focus on upcoming non-farm payroll data. Concerns arose regarding potential import tariffs on silver as the U.S. Geological Survey proposed including silver in a list of critical minerals [4][18] Group 3 - The State Council issued opinions to enhance the potential of sports consumption and promote high-quality development in the sports industry, emphasizing increased financial support and encouraging sports enterprises to go public [6] - The Ministry of Industry and Information Technology and the State Administration for Market Regulation released an action plan for stable growth in the electronic information manufacturing industry, targeting an average growth rate of around 7% for major sectors from 2025 to 2026 [7]