焦煤焦炭周度报告 衡飞池 从业资格号：F03122956 投资咨询号：Z0022861 中航期货 2026-03-20 目录 01 报告摘要 02 多空焦点 03 数据分析 04 后市研判 报告摘要 PART 01 1. 据中国煤炭运销协会，3月上旬，重点监测煤炭企业产量完成6444万吨，日均产量644万吨，旬日均环比2月下旬增加38万吨、 增长6.3%，旬日均同比增加9万吨、增长1.4%。 市场焦点 | 市场焦点 | 政府正在研究对这种化石燃料征收出口税，以增加国家财政收入。作为全球最大的煤炭出口国，这一举措表明政府正愈发积 | | | --- | --- | --- | | 极地采取行动应对能源市场的动荡局面，与此前限制产量以支撑价格的政策形成了鲜明的反差。随着各国为替代天然气而增 | | | | 加煤炭的使用以发电，需求预计将会上升。 | | | | 1. | 炼焦煤供应稳中略显宽松。 | | | 2. | 炼焦煤库存结构暂稳。 | | | 3. | 独立焦企炼焦煤小幅补库，钢厂原料补库动力不足。 | 基本面概况 | | 4. | 独立焦企和钢厂焦炭产量小幅走高。 | | | 5. | 铁水产量与焦炭消 ...

纯碱玻璃周报 研究员：李轩怡 期货从业证号：F03108920 投资咨询资格证号：Z0018403 目录 第一章 核心逻辑分析 2 第二章 周度数据追踪 10 单位：万吨 纯碱周度产量 联碱法、氨碱法周度产量 单位：万吨 天然碱法周度产量 单位：万吨 40 45 50 55 60 65 70 75 80 85 第53 周 第51 周 第49 周 第47 周 第45 周 第43 周 第41 周 第39 周 第37 周 第35 周 第33 周 第31 周 第29 周 第27 周 第25 周 第23 周 第21 周 第19 周 第17 周 第15 周 第13 周 第11 周 第9周 第7周 第5周 第3周 第1周 2026年度 2025年度 2024年度 2023年度 2022年度 2021年度 15 20 25 30 35 40 联碱产量 氨碱产量 GALAXY FUTURES 2 本周纯碱产量81.8万吨，环比增加0.9万吨（+1.1%），重轻均增，重环比上期增加0.6万吨、轻增加0.3万吨。 纯碱周产突破80，产量历史高位。纯碱日产运行在11.3-11.9万吨以上，博源日产小幅下降至1.8万吨左右。 实际变动 ...

Group 1 - The A-share coal sector is experiencing a significant upward trend, with leading stocks like China Coal Energy hitting a historical high since February 2008, reaching 19.66 yuan per share, a 9.77% increase, and a total market capitalization of 234.2 billion yuan [1] - Other coal stocks such as Zhengzhou Coal Electricity, Yanzhou Coal Mining, and Jinneng Technology also saw strong performance, with several stocks in the sector rising over 4% [1] - The ongoing crisis in the Strait of Hormuz is contributing to market volatility, with reports of attacks on foreign oil tankers in Iraq, leading to heightened geopolitical tensions [1] Group 2 - The International Energy Agency (IEA) announced the release of 400 million barrels of strategic oil reserves to address global oil supply concerns due to military actions involving the US and Israel against Iran, although this has not alleviated market anxiety [2] - Oil prices have surged, with Brent crude futures rising over 8% to above $100, indicating that unless the security of the Strait of Hormuz is ensured, policy measures may have limited impact on oil prices [2] - The rising oil prices are driving demand for coal as a substitute fuel, with estimates suggesting that if the Strait of Hormuz remains blocked, global coal demand for electricity could increase by 84-86 million tons annually, and domestic coal consumption in China could rise by nearly 50 million tons [2] Group 3 - Supply-side disruptions are also supporting coal prices, with Indonesia reducing coal production quotas, leading to tighter coal supply for China and increased prices for Australian coal imports [3] - The uncertain supply outlook from Indonesia, combined with ongoing geopolitical tensions, is likely to create a phase of tight global coal supply and demand, further strengthening price support [3]