| 代码 | 名称 | 收盘价 | 涨跌幅 | 成交量(手) | 成交额(元) | | | --- | --- | --- | --- | --- | --- | --- | | 000723 | 美锦能源 | 4.56 | -2.56% | 71.60万 | | 3.28 Z | | 600725 | 云维股份 | 3.19 | -2.74% | 18.93万 | | 6098.19万 | | 601011 | 宝泰隆 | 2.72 | -2.86% | 39.77万 | | 1.09亿 | | 600740 | 山西焦化 | 3.90 | -3.23% | - 36.48万 | | 1.43亿 | | 601015 | 陕西黑猫 | 3.61 | -3.48% | 52.16万 | | 1.89亿 | | 600792 | 云煤能源 | 3.78 | -3.57% | 31.74万 | | 1.21亿 | | 600408 | 安泰集团 | 2.32 | -6.83% | 127.88万 | | 3.03亿 | 从资金流向上来看，当日焦炭板块主力资金净流出1.32亿元，游资资金净流出725.36万元，散户 ...

Core Viewpoint - The China Securities Index Hong Kong 300 Energy Index has shown significant growth, with a 11.96% increase over the past month, 19.68% over the past three months, and a 6.93% increase year-to-date [1] Group 1: Index Performance - The China Securities Index Hong Kong 300 Energy Index is currently at 2656.17 points [1] - The index is designed to reflect the overall performance of different industries in the Hong Kong market, based on the China Securities Industry Classification Standards [1] Group 2: Index Composition - The index is composed entirely of securities listed on the Hong Kong Stock Exchange, with a 100% allocation [1] - The sector breakdown of the index includes: - Oil refining: 41.59% - Integrated oil and gas companies: 33.45% - Coal: 22.70% - Oilfield services: 1.55% - Coking: 0.72% [1] Group 3: Sample Adjustment - The index samples are adjusted biannually, specifically on the next trading day after the second Friday of June and December [2] - Weight factors are generally fixed until the next scheduled adjustment, with temporary adjustments made in response to significant events affecting sample companies [2]

Group 1: Steel Industry Report Industry Investment Rating - Not provided Report's Core View - Steel prices are expected to maintain a volatile pattern, waiting for the strength of peak - season demand. Considering the limited spot inventory, it is advisable to operate on the low side during price corrections. Pay attention to 3230 yuan for rebar and 3380 yuan for hot - rolled coils [1] Summary by Relevant Catalogs - **Steel Prices and Spreads**: Rebar and hot - rolled coil spot prices generally declined. For example, rebar spot prices in East China, North China, and South China decreased by 40 yuan/ton, 50 yuan/ton, and 60 yuan/ton respectively; hot - rolled coil spot prices in these regions all dropped by 60 yuan/ton. Futures prices also decreased significantly, with the rebar 05, 10, and 01 contracts falling by 107 yuan, 108 yuan, and 110 yuan respectively, and the hot - rolled coil 05, 10, and 01 contracts falling by 103 yuan, 110 yuan, and 109 yuan respectively [1] - **Cost and Profit**: The billet price decreased by 80 yuan to 3080 yuan, while the slab price remained unchanged at 3730 yuan. The profits of hot - rolled coils in East China, North China, and South China increased by 48 yuan, and the profit of rebar in South China increased by 38 yuan [1] - **Production**: The daily average pig iron output increased by 2.6 to 242.6, a rise of 1.1%. The output of five major steel products decreased slightly by 1.2 to 867.0, a decline of 0.1%. Rebar output increased by 2.9 to 212.0, a rise of 1.4%, with converter output increasing by 5.4 to 188.0 (a 2.9% increase) and electric - furnace output decreasing by 2.5 to 23.9 (a 9.3% decrease). Hot - rolled coil output decreased by 3.6 to 317.5, a decline of 1.1% [1] - **Inventory**: The inventory of five major steel products decreased slightly by 1.2 to 1336.5, a decline of 0.1%. Rebar inventory decreased by 4.6 to 538.6, a decline of 0.9%, while hot - rolled coil inventory increased by 2.3 to 345.2, a rise of 0.7% [1] - **Transaction and Demand**: The building materials trading volume decreased by 1.6 to 10.1, a decline of 13.6%. The apparent demand for five major steel products decreased by 2.0 to 868.1, a decline of 0.2%. The apparent demand for rebar increased by 10.4 to 216.6, a rise of 5.0%, and the apparent demand for hot - rolled coils decreased by 8.6 to 315.2, a decline of 2.6% [1] Group 2: Iron Ore Industry Report Industry Investment Rating - Not provided Report's Core View - In the future, pig iron output in July will remain high, with an average expected to stay around 2.4 million tons per day. Improving steel mill profits will support raw materials, but there is a seesaw effect between coking coal, coke, and iron ore. Unilateral trading is advised to be cautiously long, and for arbitrage, it is recommended to go long on hot - rolled coils and short on iron ore [3] Summary by Relevant Catalogs - **Iron Ore - Related Prices and Spreads**: The warehouse receipt costs of some iron ore varieties changed. For example, the warehouse receipt cost of Carajás fines increased by 4.4 to 793.4, a rise of 0.6%, while the warehouse receipt cost of PB fines decreased by 2.2 to 818.4, a decline of 0.3%. The 09 - contract basis of various iron ore varieties generally increased, and the 5 - 9 spread increased by 5.5 to - 43.5, a rise of 11.2%, while the 9 - 1 spread decreased by 4.5 to 23.0, a decline of 16.4% [3] - **Supply**: The 45 - port weekly arrival volume decreased by 130.7 to 2240.5, a decline of 5.5%. The global weekly shipping volume increased by 91.8 to 3200.9, a rise of 3.0%. The national monthly import volume increased by 782.0 to 10594.8, a rise of 8.0% [3] - **Demand**: The weekly average daily pig iron output of 247 steel mills decreased slightly by 0.2 to 242.2, a decline of 0.1%. The weekly average daily port clearance volume of 45 ports decreased by 7.6 to 315.2, a decline of 2.4%. The national monthly pig iron output decreased by 220.9 to 7190.5, a decline of 3.0%, and the national monthly crude steel output decreased by 336.1 to 8318.4, a decline of 3.9% [3] - **Inventory Changes**: The 45 - port inventory decreased by 104.2 to 13686.23, a decline of 0.8%. The imported iron ore inventory of 247 steel mills increased by 63.1 to 8885.2, a rise of 0.7%. The inventory available days of 64 steel mills increased by 1.0 to 21.0, a rise of 5.0% [3] Group 3: Coke and Coking Coal Industry Report Industry Investment Rating - Not provided Report's Core View - **Coke**: Speculative trading is advised to be cautiously long, and for arbitrage, it is recommended to go long on coke and short on iron ore, while avoiding exchange intervention risks. - **Coking Coal**: Speculative trading is advised to be cautiously long, and for arbitrage, it is recommended to go long on coking coal and short on iron ore, also avoiding exchange intervention risks [4] Summary by Relevant Catalogs - **Coke - Related Prices and Spreads**: The price of Shanxi first - grade wet - quenched coke remained unchanged at 1296 yuan/ton, while the price of Rizhao Port quasi - first - grade wet - quenched coke increased by 30 yuan/ton to 1420 yuan/ton. The coke 09 and 01 contracts increased by 44 yuan and 50 yuan respectively. The coking profit calculated by the Steel Union decreased by 11 yuan/week [4] - **Coking Coal - Related Prices and Spreads**: The price of coking coal (Shanxi warehouse receipt) remained unchanged at 1260 yuan/ton, while the price of coking coal (Mongolian coal warehouse receipt) decreased by 20 yuan/ton to 1155 yuan/ton. The coking coal 09 contract decreased by 4 yuan, and the 01 contract increased by 18 yuan. The sample coal mine profit increased by 27 yuan/week, a rise of 8.3% [4] - **Supply**: The weekly average daily output of all - sample coking plants increased by 0.4 to 64.6, a rise of 0.6%, and the weekly average daily output of 247 steel mills increased slightly by 0.1 to 47.2, a rise of 0.1%. The weekly output of Fenwei sample coal mines decreased, with raw coal output decreasing by 4.3 to 862.3, a decline of 0.5%, and clean coal output decreasing by 1.5 to 441.0, a decline of 0.3% [4] - **Demand**: The weekly pig iron output of 247 steel mills decreased slightly by 0.2 to 242.2, a decline of 0.1%. The demand for coke is mainly reflected in the relatively high pig iron output, and the demand for coking coal is also supported by the slightly increased coking plant operation rate [4] - **Inventory Changes**: The total coke inventory decreased by 7.4 to 918.2, a decline of 0.8%. The coke inventory of all - sample coking plants decreased by 7.4 to 80.1, a decline of 8.5%, while the coke inventory of 247 steel mills increased slightly by 1.0 to 640.0, a rise of 0.2%. The coking coal inventory of Fenwei coal mines decreased by 25.5 to 132.6, a decline of 16.1%, and the coking coal inventory of all - sample coking plants increased by 56.3 to 985.4, a rise of 6.1% [4] - **Coke Supply - Demand Gap Changes**: The coke supply - demand gap increased by 0.6 to - 5.5, a rise of 10.2% [4]

1. Report Industry Investment Rating No industry investment rating is provided in the report. 2. Core Viewpoints of the Report The report presents the market trends and outlooks for various commodities on July 31, 2025, including precious metals, base metals, energy, agricultural products, etc. Each commodity's trend is affected by factors such as macro - economic policies, geopolitical events, and supply - demand relationships [2][4]. 3. Summary by Commodity Precious Metals - **Gold**: FOMC's decline releases hawkish expectations, with a trend strength of - 1 [2][5][10] - **Silver**: Experiences a high - level decline, with a trend strength of - 1 [2][5][10] Base Metals - **Copper**: The implementation of US copper import tariffs puts pressure on prices, with a trend strength of 0 [2][12][14] - **Zinc**: Shows a narrow - range oscillation, with a trend strength of - 1 [2][15][17] - **Lead**: An increase in inventory puts pressure on prices, with a trend strength of 0 [2][18][19] - **Tin**: Ranges within an interval, with a trend strength of - 1 [2][21][25] - **Aluminum**: Experiences a slight oscillation; Alumina's price weakens; Cast aluminum alloy follows electrolytic aluminum. Aluminum's trend strength is 0, alumina's is - 1, and casting aluminum alloy's is 0 [2][27][29] - **Nickel**: Macroeconomic expectations determine the direction, and fundamentals limit the elasticity, with a trend strength of 0 [2][30][34] - **Stainless Steel**: Macroeconomic sentiment dominates the margin, and the real - world situation still needs to be repaired, with a trend strength of 0 [2][30][34] - **Carbonate Lithium**: Has a wide - range oscillation, and the mine - end disturbance has not materialized, with a trend strength of - 1 [2][35][37] - **Industrial Silicon**: Sentiment weakens, with a trend strength of - 1 [2][38][40] - **Polysilicon**: Attention should be paid to market sentiment changes, with a trend strength of - 1 [2][38][40] Energy - **Iron Ore**: Supported by macro - expectations, shows a relatively strong oscillation, with a trend strength of 0 [2][41] - **Coking Coal and Coke**: The sentiment is realized, with a wide - range oscillation. Both have a trend strength of 0 [2][52][55] - **Power Coal**: Daily consumption recovers, and the price stabilizes with an oscillation, with a trend strength of 0 [2][57][60] - **Fuel Oil**: The upward trend continues, and it remains strong in the short - term. Low - sulfur fuel oil's futures price shows a relatively strong oscillation, and the price difference between high - and low - sulfur in the overseas spot market continues to rise [2][4][52] Chemicals - **PTA**: Supported by cost, with a positive spread in monthly contracts [2] - **MEG**: The unilateral trend remains weak, with a reverse spread in monthly contracts [2] - **Rubber**: Oscillates [2][32] - **Synthetic Rubber**: Weak in the short - term, but the downside space narrows [2][34] - **Asphalt**: Follows the strong upward trend of crude oil with small - step increases [2][36] - **LLDPE**: The trend still faces pressure [2][38] - **PP**: The spot price oscillates with light trading volume [2][39] - **Caustic Soda**: Attention should be paid to delivery pressure [2][40] - **Paper Pulp**: Oscillates weakly [2][41] - **Glass**: The price of the original sheet remains stable [2][43] - **Methanol**: Oscillates under pressure [2][44] - **Urea**: The pressure gradually increases [2][46] - **Styrene**: Profits are compressed [2][48] - **Soda Ash**: There are few changes in the spot market [4][49] - **PVC**: Weakly oscillates in the short - term [4][50] Agricultural Products - **Palm Oil**: Supported in the short - term by the positive sentiment of crude oil and macro - economy [4][59] - **Soybean Oil**: Oscillates at a high level, and attention should be paid to Sino - US trade progress [4][59] - **Soybean Meal**: US soybeans close lower, limiting the rebound of domestic soybean meal [4][61] - **Soybean**: Oscillates weakly [4][61] - **Corn**: Attention should be paid to the spot market [4][63] - **Sugar**: Oscillates within an interval [4][65] - **Cotton**: The sentiment cools down, and Zhengzhou cotton futures decline [4][66] - **Eggs**: The spot price weakens [4][68] - **Hogs**: Attention should be paid to whether the early - month spot expectations can be realized [4][69] - **Peanuts**: The old crop has support at the bottom [4][70] Others - **Container Freight Index (European Line)**: Hold 10 short positions [4][53] - **Short - fiber and Bottle - chip**: Oscillate in the short - term [4][56] - **Offset Printing Paper**: Oscillates at a low level with limited upward momentum [4][57] - **Pure Benzene**: Oscillates relatively strongly [4][58] - **Log**: Oscillates repeatedly [2][61]

1. Report Industry Investment Ratings No industry investment ratings are provided in the reports. 2. Core Views Steel Industry - Steel prices are expected to maintain a volatile pattern, waiting for the strength of peak - season demand. Consider buying on dips due to low spot inventory. Focus on 3230 yuan for rebar and 3380 yuan for hot - rolled coils [1]. Iron Ore Industry - Unilateral trading suggests cautious long positions, and arbitrage recommends going long on hot - rolled coils and short on iron ore. The iron - making water output in July will remain high, and steel mill profits will support raw materials, but there is a seesaw effect between coking coal, coke, and iron ore [3]. Coke and Coking Coal Industry - For coke, speculative trading advises cautious long - chasing, and arbitrage suggests going long on coke and short on iron ore. For coking coal, speculative trading also advises cautious long - chasing, and arbitrage recommends going long on coking coal and short on iron ore [4]. 3. Summary by Relevant Catalogs Steel Industry Steel Prices and Spreads - Rebar and hot - rolled coil spot prices generally declined. For example, rebar spot prices in East China dropped from 3430 yuan/ton to 3390 yuan/ton, and hot - rolled coil spot prices in East China fell from 3500 yuan/ton to 3440 yuan/ton [1]. Cost and Profit - Steel billet prices decreased by 80 yuan/ton to 3080 yuan/ton, while plate billet prices remained unchanged at 3730 yuan/ton. Profits from hot - rolled coils in East China increased by 48 yuan/ton to 333 yuan/ton [1]. Production and Inventory - Daily average iron - making water output increased by 2.6 to 242.6, a 1.1% increase. Five major steel products' production decreased by 1.2 to 867.0, a 0.1% decrease. Five major steel products' inventory decreased by 1.2 to 1336.5, a 0.1% decrease [1]. Transaction and Demand - Building materials trading volume decreased by 1.6 to 10.1, a 13.6% decrease. The apparent demand for five major steel products decreased by 2.0 to 868.1, a 0.2% decrease [1]. Iron Ore Industry Iron Ore - Related Prices and Spreads - The warehouse - receipt cost of some iron ore varieties changed. For example, the warehouse - receipt cost of PB powder decreased by 2.2 to 818.4 yuan/ton, a 0.3% decrease [3]. Supply - The 45 - port arrival volume (weekly) decreased by 130.7 to 2240.5 tons, a 5.5% decrease, while the global shipping volume (weekly) increased by 91.8 to 3200.9 tons, a 3.0% increase [3]. Demand - The daily average iron - making water output of 247 steel mills (weekly) decreased by 0.2 to 242.2 tons, a 0.1% decrease. The 45 - port daily average desilting volume (weekly) decreased by 7.6 to 315.2 tons, a 2.4% decrease [3]. Inventory Changes - The 45 - port inventory decreased by 104.2 to 13686.23 tons, a 0.8% decrease, and the imported ore inventory of 247 steel mills (weekly) increased by 63.1 to 8885.2 tons, a 0.7% increase [3]. Coke and Coking Coal Industry Coke - Related Prices and Spreads - The price of quasi - first - class wet - quenched coke at Rizhao Port increased by 30 yuan/ton to 1420 yuan/ton, a 2.2% increase. The 09 - contract price of coke increased by 44 yuan/ton to 1677 yuan/ton, a 2.7% increase [4]. Coking Coal - Related Prices and Spreads - The price of coking coal (Mongolian coal warehouse - receipt) decreased by 20 yuan/ton to 1155 yuan/ton, a 1.7% decrease. The 09 - contract price of coking coal decreased by 4 yuan/ton to 1117 yuan/ton, a 0.3% decrease [4]. Supply - The daily average output of all - sample coking plants increased by 0.4 to 64.6 tons, a 0.6% increase. The raw coal output of Fenwei sample coal mines decreased by 4.3 to 862.3 tons, a 0.5% decrease [4]. Demand - The iron - making water output of 247 steel mills decreased by 0.2 to 242.2 tons, a 0.1% decrease. The daily average output of all - sample coking plants increased by 0.4 to 64.6 tons, a 0.6% increase [4]. Inventory Changes - The total coke inventory decreased by 7.4 to 918.2 tons, a 0.8% decrease. The coking coal inventory of all - sample coking plants increased by 56.3 to 985.4 tons, a 6.1% increase [4]. Coke Supply - Demand Gap Changes - The coke supply - demand gap increased by 0.6 to - 5.5 tons, a 10.2% increase [4].

证券之星消息，7月30日焦炭板块较上一交易日下跌0.41%，美锦能源领跌。当日上证指数报收于 3615.72，上涨0.17%。深证成指报收于11203.03，下跌0.77%。焦炭板块个股涨跌见下表： | 代码 | 名称 | 主力净流入(元) | 主力净占比 游资净流入 (元) | | 游资净占比 散户净流入 (元) | | 散户净占比 | | --- | --- | --- | --- | --- | --- | --- | --- | | 600408 安泰集团 | | 3338.91万 | 21.46% | -1341.98万 | -8.63% | -1996.93万 | -12.84% | | 600792 云煤能源 | | -478.67万 | -3.44% | 234.85万 | 1.69% | 243.82万 | 1.75% | | 601011 | 宝泰隆 | -537.14万 | -5.25% | 327.19万 | 3.20% | - 209.95万 | 2.05% | | 601015 陕西黑猫 | | -554.57万 | -2.54% | 365.12万 | 1.67% | 189.4 ...

Report Industry Investment Rating No relevant information provided. Core Viewpoints of the Report - The geopolitical game deadline between Russia and Ukraine has been advanced, and the macro - situation has positive expectations. The short - term market has upward support, and attention should be paid to the realization of benefits from Sino - US economic and trade talks and US sanctions against Russia [2]. - The short - term precious metals are expected to maintain a volatile trend due to the decline in safe - haven demand, and focus on US economic data and the Fed meeting [3]. - For various commodities, different trends and trading strategies are presented based on factors such as supply - demand relationships, policy impacts, and inventory changes. For example, some commodities are expected to rise, some to fall, and some to fluctuate [4][5][6]. Summary by Related Catalogs Energy and Chemicals - **Crude Oil**: Overnight crude oil futures rose sharply. The geopolitical game deadline has been advanced, and the short - term market has upward support. Attention should be paid to the realization of benefits from Sino - US economic and trade talks and US sanctions against Russia [2]. - **Fuel Oil & Low - Sulfur Fuel Oil**: Macro and geopolitical game news boost oil prices, but the cracking spread is expected to be under pressure. The fundamentals of high - and low - sulfur fuel oils are weak, and the cracking spread is likely to be volatile and weak [22]. - **Asphalt**: The domestic production volume in August decreased compared with July. Demand recovery was delayed, and the inventory destocking rhythm slowed down. The price follows the direction of crude oil, but the upward space is limited [23]. - **Urea**: The futures main contract is running at a low level. Domestic downstream demand is weak, exports are advancing, and short - term prices are likely to run within a range [24]. - **Methanol**: The unloading speed of foreign vessels in coastal areas is slow, and the port is unexpectedly destocked. Domestic supply is sufficient, and the market is likely to continue to fluctuate within a range [25]. - **Pure Benzene**: Night - time oil prices rose sharply, which is expected to boost the cost of pure benzene. Supply and demand decreased in the week, and the port slightly accumulated inventory. Seasonal supply - demand improvement is expected in the third quarter, and it is recommended to conduct monthly spread band operations [26]. - **PVC & Caustic Soda**: PVC showed strength at night. Supply decreased, domestic demand was weak, and foreign demand was expected to improve. Caustic soda showed a volatile trend, with long - term supply pressure and high - level pressure on prices [27]. - **PX & PTA**: Night - time prices rebounded slightly. The fundamentals of PX had limited driving force, and PTA continued to accumulate inventory. The medium - term processing margin has a repair drive, but it needs to wait for downstream demand to recover [28]. - **Ethylene Glycol**: The supply is shifting, short - term oil prices are strong, and downstream demand is stable. The port inventory fluctuates at a low level. Attention should be paid to external variables [29]. - **Short - Fiber & Bottle - Chip**: Prices rebounded following raw materials. Short - fiber is considered for long - allocation in the medium - term, while bottle - chip has long - term over - capacity pressure [30]. Metals - **Precious Metals**: Overnight precious metals fluctuated. Safe - haven demand declined, and short - term precious metals are expected to maintain a volatile trend. Focus on US economic data and the Fed meeting [3]. - **Copper**: Overnight copper prices fluctuated and closed up. The market focuses on the implementation of US tariff agreements and Fed meetings. Short - term support is at the MA40 moving average, and short positions are held against integer levels [4]. - **Aluminum**: Overnight, Shanghai aluminum had limited fluctuations. Demand declined in the off - season, inventory increased, and it is mainly in short - term shock adjustment with resistance at 21,000 yuan [5]. - **Cast Aluminum Alloy**: It fluctuates with Shanghai aluminum. The scrap aluminum market has tight supply, and the price is under short - term pressure but has certain resilience in the medium - term. Consider long AD and short AL when the price difference expands [6]. - **Alumina**: The price has risen sharply, the industry profit has recovered, and the inventory is in a surplus state. Sell short when the price approaches the recent high of 3,500 yuan [7]. - **Zinc**: The black price rebounded, and the zinc price adjustment rhythm was not smooth. Supply increased and demand was weak, and the inventory continued to rise. In the medium - term, the idea of short - allocation on rebounds is maintained, and wait for clear short signals [8]. - **Lead**: The supply - demand is weak, the rebound rhythm is slow, and there is support at 16,800 yuan/ton. You can try long positions lightly and hold them against this price [9]. - **Nickel & Stainless Steel**: Shanghai nickel fluctuated. The speculation of the "anti - involution" theme cooled down, and nickel may return to fundamentals. Wait patiently for short opportunities [10]. - **Tin**: Overnight tin prices fluctuated. Short - term support is at the MA40 moving average and 265,000 yuan. In the long - term, high - level supply expectations will suppress prices. Hold short positions above 270,000 yuan [11]. - **Carbonate Lithium**: It fluctuated, and the trading was active. The market rumors of mine shutdowns were refuted. The inventory increased, and the mid - stream output decreased slightly. Try long positions lightly in the short - term [12]. - **Polysilicon**: The futures rose sharply. The terminal is waiting and watching, and the supply - demand is in a tight balance. After the previous sharp rise, the market enters a wide - range shock. Choose low - long opportunities and control positions [13]. - **Industrial Silicon**: The futures rose slightly. The fundamentals are weak, but the price is at a historical low. Be cautious about short - selling unilaterally and control risks [14]. - **Iron Ore**: The overnight futures rose. Supply increased globally but decreased in domestic arrivals. The inventory pressure is not large, and the demand is weak and stable. The price is expected to be volatile [16]. - **Coke**: The price rose significantly during the day. The fourth round of price increases was proposed, and the inventory decreased slightly. The downward space is relatively limited [17]. - **Coking Coal**: The price rose significantly during the day, and the far - month contract hit the daily limit. The inventory decreased in the production end, and the downward space is relatively limited [18]. - **Silicon Manganese**: The price followed the rise. The long - term inventory accumulation expectation of manganese ore has improved, and there is an upward driving force in the short - term [19]. - **Silicon Iron**: The price followed the rise. The demand is acceptable, and the price may have an upward driving force in the short - term [20]. Agricultural Products - **Soybean & Soybean Meal**: Sino - US economic and trade negotiations are ongoing, and the US soybean growing conditions are good. The price is treated as volatile for now [34]. - **Soybean Oil & Palm Oil**: The US market shows oil - strong and meal - weak. Domestic soybean oil is strong, and the EU policy is positive for palm oil. Maintain the idea of long - allocation on dips [35]. - **Rapeseed & Rapeseed Oil**: Canadian rapeseed rose overnight. The rapeseed meal price stabilized slightly, and the rapeseed oil inventory decreased slowly. Take a short - term neutral attitude towards rapeseed products [36]. - **Domestic Soybean**: After a sharp reduction in positions and a callback, the price stabilized. Pay attention to Sino - US trade negotiations and weather conditions [37]. - **Corn**: The US corn is growing well. The domestic corn market has no major contradictions, and the Dalian corn futures may continue to be weak and volatile at the bottom [38]. - **Live Pigs**: The spot price continued to fall, and the futures are likely to have peaked. Suggest hedging on rallies [39]. - **Eggs**: The futures price fluctuated little. The spot price was stable in most areas. The 09 contract focuses on the seasonal rebound of the spot price, and long positions are more inclined to far - month contracts [40]. - **Cotton**: US cotton's excellent - good rate decreased, and Brazil's harvest progress was slow. Zheng cotton maintained a high - level shock. Temporarily wait and see [41]. - **Sugar**: US sugar is under pressure, and the uncertainty of China's sugar production in the 25/26 season has increased. The short - term sugar price is expected to be volatile [42]. - **Apple**: The futures price fluctuated. New - season early - maturing apples are on the market, and the market focuses on the new - season output estimate. Temporarily wait and see [43]. - **Timber**: The demand is good during the off - season, and the inventory pressure is small. The futures price is expected to continue to rise [44]. - **Pulp**: The price fell slightly. The domestic port inventory is relatively high, the demand is weak, and the price may return to low - level volatility. Temporarily wait and see [45]. Others - **Container Freight Index (European Line)**: The market freight rate inflection point is becoming clear, and the price is expected to decline further. The extension of tariff exemptions may boost market sentiment [21]. - **Stock Index**: A - shares rose steadily in the afternoon, and the futures index rose. The risk preference of the global market is oscillating strongly. Increase the allocation of technology - growth sectors [46]. - **Treasury Bonds**: Treasury bond futures closed down. The global trade sentiment has improved, and the bond market may have increased volatility in the short - term. The probability of a steeper yield curve increases [47].

Report Information - Report Date: July 30, 2025 [1] - Report Type: Coke Daily Report - Research Team: Black Team of the Research Center Key Points 1. Price and Production Data - **Coke Prices**: The latest prices of different types of coke vary, with some showing daily, weekly, and monthly changes. For example, the price of Shanxi quasi - first wet - quenched coke is 1372.10, with a daily change of 54.61, a weekly change of 163.84, and a monthly change of 218.45. Compared to the same period last year, it decreased by 27.67% [2]. - **Production Indicators**: The blast furnace开工率 is 90.81, with a weekly decrease of 0.08, a monthly decrease of 0.02, but an annual increase of 1.33%. The daily average iron water output is 242.23, with a weekly decrease of 0.21, a monthly decrease of 0.06, and an annual increase of 1.09% [2]. 2. Inventory Data - **Coke Inventories**: Coking plant inventory is 50.12, with a weekly decrease of 5.43, a monthly decrease of 23.61, and an annual increase of 42.35%. Port inventory is 198.13, with a weekly decrease of 0.98, a monthly decrease of 1.96, and an annual increase of 0.20%. Steel mill inventory is 639.98, with a weekly increase of 0.99, a monthly increase of 12.23, and an annual increase of 17.86% [2]. - **Inventory Days**: The steel mill inventory days are 11.45, with a weekly decrease of 0.01, a monthly increase of 0.23, and an annual increase of 11.71% [2]. 3. Futures Market Data - **Futures Prices**: The prices of different futures contracts (05, 09, 01) have changed. For example, the price of the 05 contract is 1717.5, with a daily decrease of 23.50, a weekly decrease of 56.00, a monthly increase of 212.50, and an annual decrease of 22.46% [2]. - **Basis and Spread**: The 05 basis is - 53.95, with a daily increase of 82.22, a weekly increase of 173.45, a monthly increase of 33.15, and an annual decrease of 113.11. The 5 - 9 spread is - 53.00, with a daily decrease of 31.50, a weekly decrease of 22.50, a monthly decrease of 12.00, and an annual decrease of 31.50 [2]. 4. Historical Price Trends - The report also presents historical price trends of coke in different regions (Linfen, Lvliang, Rizhao Port, etc.) from 2021 to 2025, which can help analyze long - term price fluctuations [3][4][5]

证券之星消息，7月29日焦炭板块较上一交易日下跌0.09%，安泰集团领跌。当日上证指数报收于 3609.71，上涨0.33%。深证成指报收于11289.41，上涨0.64%。焦炭板块个股涨跌见下表： 以上内容为证券之星据公开信息整理，由AI算法生成（网信算备310104345710301240019号），不构成投资建议。 从资金流向上来看，当日焦炭板块主力资金净流出8415.31万元，游资资金净流出891.73万元，散户资金 净流入9307.04万元。焦炭板块个股资金流向见下表： | 代码 | 名称 | 收盘价 | 涨跌幅 | 成交量(手) | 成交额(元) | | --- | --- | --- | --- | --- | --- | | 600740 | 山西焦化 | 4.07 | 0.99% | 30.09万 | 1.21亿 | | 601015 | 陕西黑猫 | 3.75 | 0.54% | 51.80万 | 1.92 Z | | 000723 | 美锦能源 | 4.74 | -0.21% | 68.18万 | 3.20 Z | | 601011 | 宝泰隆 | 2.82 | -0.35% | - 4 ...

Core Viewpoint - The China Securities Index Hong Kong 300 Energy Index has shown significant growth, with a 8.00% increase over the past month, 15.98% over the past three months, and a 3.91% increase year-to-date [1]. Group 1: Index Performance - The China Securities Index Hong Kong 300 Energy Index is currently at 2581.38 points [1]. - The index reflects the overall performance of different industries in the Hong Kong market, categorized according to the China Securities Industry Classification Standard [1]. Group 2: Index Composition - The index is composed entirely of securities listed on the Hong Kong Stock Exchange, with a 100.00% allocation [1]. - The sector breakdown of the index includes: - Oil refining at 41.93% - Integrated oil and gas companies at 32.52% - Coal at 23.28% - Oilfield services at 1.56% - Coking at 0.72% [1]. Group 3: Sample Adjustment - The index samples are adjusted biannually, specifically on the next trading day after the second Friday of June and December [2]. - Weight factors are generally fixed until the next scheduled adjustment, with temporary adjustments made in response to changes in the underlying index [2].