8月5日，国内期市煤炭板块涨幅居前。其中，焦煤期货主力合约开盘报1140.0元/吨，今日盘中高位震荡 运行；截至发稿，焦煤主力最高触及1157.5元，下方探低1111.0元，涨幅达3.66%附近。 目前来看，焦煤行情呈现震荡上行走势，盘面表现偏强。对于焦煤后市行情将如何运行，相关机构观点 汇总如下： 中辉期货分析称，供需方面，国内焦煤产量环比有所回落，库存也有所下降。铁水产量虽有降低，但绝 对水平仍然较高，原料需求较稳定。近期围绕反内卷政策的市场情绪有所降温，但在快速下跌后短线或 有反复。 南华期货（603093）表示，近期盘面波动剧烈，单边投机不建议参与，前期推荐的焦煤9-1反套可考虑 止盈，关注做扩09盘面焦化利润的机会。 金信期货分析称，展望后续，若煤矿超产核查严格执行，供应端收缩预期延续，需求端维持现状，焦煤 2601价格有望保持强势。不过，若蒙煤进口大幅增加，或钢厂铁水产量见顶回落，其上涨也将承压。投 资者需紧密关注基本面和政策动态，震荡偏多对待。 ...

Group 1 - The coal futures market, particularly coking coal, is experiencing a strong upward trend with a price increase of 3.09%, reaching a high of 854.0 yuan/ton [1] - Supply-side expectations are tightening due to reduced production during the safety month and anticipated capacity clearance, leading to improved market sentiment despite weak demand [1] - The overall market for coking coal is expected to maintain a stable yet slightly strong performance in the short term, with no significant changes in the supply-demand balance [1] Group 2 - The steel, coking coal, and coke markets currently show no significant contradictions in supply and demand fundamentals, with low inventory levels being highlighted [2] - There is caution regarding potential price increases, as past experiences suggest that without concrete measures, the market may revert to uncertainties surrounding raw material production cuts [2] - Investors are advised to approach the current price increases with rationality, avoiding excessive speculation and waiting for policy-driven corrections [2]