Core Viewpoint - Xinjiang is emerging as a crucial hub for trade and development, showcasing significant economic growth and potential in various sectors, including agriculture, energy, and infrastructure [1][3][9]. Economic Development - Xinjiang's GDP is projected to reach 20,534.08 billion yuan in 2024, marking a significant increase from 7,499.47 billion yuan in 2012, with an average annual growth rate of 7.0% [3]. - The region's per capita GDP is expected to rise from 33,495 yuan in 2012 to 78,660 yuan in 2024, reflecting a growth of 1.3 times [3]. - The export of automobiles through the Horgos port reached 237,000 units from January to August this year, showing a year-on-year increase of 5.3% [2]. Infrastructure and Energy - The Dashi Gorge Water Conservancy Project, with a maximum dam height of 247 meters, is set to alleviate water shortages for over 8 million acres of farmland, providing 3.42 billion cubic meters of ecological water annually [4]. - The Xinjiang oilfield company is expected to achieve a historical milestone with a total oil and gas equivalent of 20 million tons this year, alongside the establishment of a national-level shale oil demonstration zone [3]. Agricultural Advancements - Xinjiang's irrigation area has expanded from 16.81 million acres at the founding of New China to 99.17 million acres in 2024, with grain yield per acre increasing to 524.8 kilograms, the highest in the country [5]. - The introduction of drip irrigation has reduced water usage by approximately 20%, significantly benefiting local farmers [5]. Social and Cultural Integration - Initiatives promoting ethnic unity and cultural exchange are being implemented, enhancing community ties among diverse ethnic groups in Xinjiang [7][8]. - The "One Family Like Pomegranate Seeds" campaign aims to strengthen the sense of community and shared identity among various ethnic groups [9].

Group 1 - The core viewpoint of the articles highlights the persistent low inflation in China as a significant challenge for the economy, affecting both macroeconomic stability and microeconomic sentiment [1][8][9] - The Consumer Price Index (CPI) has shown a positive trend, with the core CPI rising by 0.9% year-on-year in August, marking the highest level since February 2024, indicating potential recovery in prices [1][4][3] - The industrial producer price index (PPI) has also shown signs of improvement, with a year-on-year decline of 2.9% in August, a narrowing of the decline by 0.7 percentage points from the previous month [6][8] Group 2 - Experts emphasize the need for a combination of short-term policies and long-term reforms to stabilize prices, suggesting a target CPI growth of 2% as a long-term goal for the 14th Five-Year Plan [11][12] - The "anti-involution" policy is seen as a crucial measure for structural adjustment in the economy, aimed at reducing excess capacity and optimizing supply structures [12][10] - The current economic environment is characterized by insufficient demand, which is expected to continue influencing price trends during the 14th Five-Year Plan period [9][8]

2025/9/22 焦炭日报 研究中心黑色团队 | | 最新 | 日变化 | 周变化 | 月变化 同比 | | 最新 | 日变化 | 周变化 | 月变化 同比 | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 山西准一湿熄 | 1427.78 | 0.00 | -54.61 | -53.55 | -11.51% 高炉开工率 | 90.35 | | 0.17 | 0.10 | 7.70% | | 河北准一干熄 | 1680.00 | 0.00 | -55.00 | -55.00 | 7.69% 铁水日均产量 | 241.02 | | 0.47 | 0.27 | 7.68% | | 山东准一干熄 | 1605.00 | 0.00 | -55.00 | -55.00 | -10.34% 盘面05 | 1866.5 | 13.00 | 57.50 | 94.50 | -2.89% | | 江苏准一干熄 | 1645.00 | 0.00 | -55.00 | -55.00 | -10.11% 盘面09 | 1923.5 | ...

Core Viewpoint - The Shanxi Coking Tar Processing Plant is implementing various measures to reduce costs and enhance high-quality development through external benchmarking, internal potential tapping, and refined management [1] Group 1: Cost Control Measures - The plant is conducting comprehensive benchmarking with industry-leading companies through both telephone communication and on-site investigations, focusing on process operation and cost control [1] - A "monthly reporting and weekly scheduling" mechanism has been established, where core cost elements such as water, electricity, and maintenance fees are analyzed monthly, leading to targeted actions to improve product recovery rates [1] - The plant has developed a three-tier cost control system at the factory, workshop, and team levels, promoting "zero-based project" management and incorporating performance assessments related to material recycling and technical breakthroughs [1] Group 2: Efficiency and Production Management - The plant strictly implements a production strategy based on sales, efficiency, and current conditions, with daily tracking and coordination of production and sales dynamics [1] - Lean production and sales guidance are emphasized, with daily proactive and focused scheduling to accurately monitor production anomalies and address issues in the production and sales process [1]

Report Information - Report Title: Coke Daily Report - Report Date: September 19, 2025 - Report Team: Black Team of the Research Center [1] Industry Investment Rating - No industry investment rating information is provided in the report. Core Viewpoints - No core viewpoints are provided in the report. Summary by Relevant Catalogs Price Information - The latest price of Shanxi quasi - first wet - quenched coke is 1427.78, with no daily change, a weekly decrease of 54.61, a monthly decrease of 53.55, and a year - on - year decrease of 11.51% [2]. - The latest price of Hebei quasi - first dry - quenched coke is 1680.00, with no daily change, a weekly decrease of 55.00, a monthly decrease of 55.00, and a year - on - year increase of 7.69% [2]. - The latest price of Shandong quasi - first dry - quenched coke is 1605.00, with no daily change, a weekly decrease of 55.00, a monthly decrease of 55.00, and a year - on - year decrease of 10.34% [2]. - The latest price of Jiangsu quasi - first dry - quenched coke is 1645.00, with no daily change, a weekly decrease of 55.00, a monthly decrease of 55.00, and a year - on - year decrease of 10.11% [2]. - The latest price of Inner Mongolia second - grade coke is 1080.00, with no daily change, a weekly decrease of 50.00, a monthly decrease of 100.00, and a year - on - year decrease of 10.00% [2]. Production and Utilization Information - The blast furnace开工率 (blast furnace operating rate) is 90.18, with a weekly increase of 4.39, a monthly decrease of 0.04, and a year - on - year increase of 7.87% [2]. - The daily average iron water output is 241.02, with a weekly increase of 0.47, a monthly increase of 0.27, and a year - on - year increase of 7.68% [2]. - The coking capacity utilization rate is 75.58, with a weekly increase of 2.97, a monthly increase of 1.45, and a year - on - year increase of 9.46% [2]. - The daily average coke output is 51.83, with a weekly decrease of 0.09, a monthly increase of 0.20, and a year - on - year decrease of 3.63% [2]. Inventory Information - The coking plant inventory is 42.21, with a weekly decrease of 1.70, a monthly increase of 2.74, and a year - on - year decrease of 4.24% [2]. - The port inventory is 204.10, with a weekly decrease of 1.01, a monthly decrease of 10.52, and a year - on - year increase of 7.34% [2]. - The steel mill inventory is 644.67, with a weekly increase of 11.38, a monthly increase of 35.08, and a year - on - year increase of 18.79% [2]. - The steel mill inventory days are 11.42, with a weekly increase of 0.13, a monthly increase of 0.66, and a year - on - year increase of 5.94% [2]. Futures Information - The price of futures contract 05 is 1853.5, with a daily decrease of 3.50, a weekly increase of 104.00, a monthly increase of 85.50, and a year - on - year decrease of 2.58% [2]. - The price of futures contract 09 is 1902, with a daily increase of 7.00, a weekly increase of 402.00, a monthly increase of 283.00, and a year - on - year increase of 1.12% [2]. - The price of futures contract 01 is 1725.5, with a daily decrease of 2.50, a weekly increase of 111.50, a monthly increase of 45.50, and a year - on - year decrease of 7.92% [2]. - The 05 basis is - 124.70, with a daily increase of 3.50, a weekly decrease of 146.59, a monthly decrease of 137.70, and a year - on - year decrease of 198.70 [2]. - The 09 basis is - 173.20, with a daily decrease of 7.00, a weekly decrease of 444.59, a monthly decrease of 335.20, and a year - on - year decrease of 268.70 [2]. - The 01 basis is 3.30, with a daily increase of 2.50, a weekly decrease of 154.09, a monthly decrease of 97.70, and a year - on - year decrease of 99.20 [2]. - The 5 - 9 spread is - 128.00, with a daily increase of 1.00, a weekly increase of 7.50, a monthly decrease of 40.00, and a year - on - year decrease of 99.50 [2]. - The 9 - 1 spread is - 48.50, with a daily decrease of 10.50, a weekly decrease of 298.00, a monthly decrease of 197.50, and a year - on - year decrease of 70.00 [2]. - The 1 - 5 spread is 176.50, with a daily increase of 9.50, a weekly increase of 290.50, a monthly increase of 237.50, and a year - on - year increase of 169.50 [2].

焦炭日报 研究中心黑色团队 2025/9/18 | | 最新 | 日变化 | 周变化 | 月变化 | 同比 | 最新 | 日变化 | 周变化 | 月变化 同比 | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 山西准一湿熄 | 1427.78 | 0.00 | -54.61 | -53.55 | -11.51% 高炉开工率 | 90.18 | | 4.39 | -0.04 | 7.87% | | 河北准一干熄 | 1680.00 | 0.00 | -55.00 | -55.00 | 7.69% 铁水日均产量 | 240.55 | | 11.71 | -0.11 | 7.69% | | 山东准一干熄 | 1605.00 | 0.00 | -55.00 | -55.00 | -10.34% 盘面05 | 1857 | -11.50 | 108.50 | 49.00 | -1.88% | | 江苏准一干熄 | 1645.00 | 0.00 | -55.00 | -55.00 | -10.11% 盘面09 | 1895 ...

Group 1 - Hebei market steel mills have reduced the procurement price of coking coal by 50/55 yuan per ton, with the adjusted prices being 1540 yuan per ton for first-grade wet quenching coke and 1900 yuan per ton for first-grade dry quenching coke, effective from September 15 [1] - As of September 17, the main contract for coking coal futures closed at 1734.5 yuan per ton, with a daily increase of 0.46%, reaching a high of 1748.0 yuan and a low of 1710.0 yuan, with a trading volume of 24,917 lots [2] - The National Bureau of Statistics reported that China's coking coal production in August 2025 was 42.597 million tons, a year-on-year increase of 3.9%, with a cumulative production of 334.058 million tons from January to August, up 2.8% year-on-year [3] Group 2 - As of September 16, the Dalian Commodity Exchange had 1,550 coking coal futures warehouse receipts, an increase of 30 receipts compared to the previous trading day [4] - According to Zhonghui Futures research report, the energy bureau's inspection of coal overproduction issues has begun to take effect, leading to the suspension of operations at some coal mines for rectification. The second round of coking coal price reductions has been implemented, resulting in a decrease in coking profits, while coking enterprises maintain stable production. The output of pig iron has significantly rebounded, indicating high raw material demand. The supply and demand for coking coal are relatively balanced, following the strong performance of coking coal [5]

1月 2月 3月 4月 5月 6月 7月 8月 9月 10月 11月 12月 1月 1000.00 1500.00 2000.00 2500.00 3000.00 3500.00 4000.00 4500.00 1月 2月 3月 4月 5月 6月 7月 8月 9月 10月 11月 12月 1月 日照港准一平仓 2021 2022 2023 2024 2025 1000.00 1500.00 2000.00 2500.00 3000.00 3500.00 1月 2月 3月 4月 5月 6月 7月 8月 9月 10月 11月 12月 1月 长治出厂价 2021 2022 2023 2024 2025 4500.00 青岛港准一平仓 1000.00 1500.00 2000.00 2500.00 3000.00 3500.00 4000.00 1月 2月 3月 4月 5月 6月 7月 8月 9月 10月 11月 12月 1月 2021 2022 2023 2024 2025 焦炭日报 研究中心黑色团队 2025/9/17 | | 最新 | 日变化 | 周变化 | 月变化 | 同比 | 最新 | 日变化 | 周变化 ...

焦炭日报 研究中心黑色团队 2025/9/16 | | 最新 | 日变化 | 周变化 | 月变化 同比 | | 最新 | 日变化 | 周变化 | 月变化 同比 | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 山西准一湿熄 | 1427.78 | -54.61 | -108.16 | -53.55 | -11.51% 高炉开工率 | 90.18 | | 4.39 | -0.04 | 7.87% | | 河北准一湿熄 | 1725.00 | 0.00 | -55.00 | 0.00 | -1.43% 铁水日均产量 | 240.55 | | 11.71 | -0.11 | 7.69% | | 山东准一干熄 | 1660.00 | 0.00 | -55.00 | 0.00 | -7.26% 盘面05 | 1809 | 59.50 | 65.00 | -8.50 | -4.69% | | 江苏准一干熄 | 1700.00 | 0.00 | -55.00 | 0.00 | -7.10% 盘面09 | 1845 | 345. ...

Core Viewpoint - The National Bureau of Statistics spokesperson, Fu Linghui, announced that recent efforts to promote industry self-discipline and resist disorderly competition have shown gradual effects, particularly in key industries [1] Group 1: Industry Price Changes - In August, the ex-factory prices in coal processing, black metal smelting and rolling industries, and coal mining and washing industries narrowed by 3.2% to 10.3% compared to the previous month [1] - The price decline in photovoltaic equipment and components manufacturing, as well as new energy vehicle manufacturing, saw year-on-year reductions narrow by 2.8% and 0.6% respectively [1] - The downward impact of these five industries on the year-on-year Producer Price Index (PPI) decreased by approximately 0.5 percentage points compared to the previous month [1]