焦炭日报 研究中心黑色团队 | | 最新 1591.62 | 日变化 周变化 0.00 | 54.61 | 月变化 109.23 | 同比 -15.71% | | 最新 日变化 88.61 | 周变化 | 月变化 -1.33 | 同比 -2.04 | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 山西准一湿熄 | | | | | | 高炉开工率 | | | | | 0.15% | | 河北准一干熄 | 1845.00 | 0.00 | 55.00 | 110.00 | 1.93% | 铁水日均产量 | 234.22 | | -2.14 | -7.32 | 0.07% | | 山东准一干熄 | 1770.00 | 0.00 | 55.00 | 110.00 | -14.29% | 盘面05 | 1905.5 | 23.00 | -24.50 | 115.00 | -8.67% | | 江苏准一干熄 | 1810.00 | 0.00 | 55.00 | 110.00 | -14.01% | 盘面09 | ...

Group 1: Report Information - The report is a daily report on coke, released on November 6, 2025, by the Black Team of the Research Center [1] Group 2: Price and Production Data - **Coke Prices**: The latest price of Shanxi quasi - first wet - quenched coke is 1591.62, with a daily and weekly increase of 54.61, a monthly increase of 109.23, and a year - on - year decrease of 15.71%. Hebei, Shandong, Jiangsu quasi - first dry - quenched cokes and Inner Mongolia second - grade coke also have different price changes [2] - **Production and Utilization**: The blast furnace operating rate is 88.61, with a weekly decrease of 1.33, a monthly decrease of 2.04, and a year - on - year increase of 0.15%. The daily average pig iron output is 236.36, with a weekly decrease of 3.54, a monthly decrease of 5.45, and a year - on - year increase of 0.38%. The coking capacity utilization rate is 73.16, with a weekly decrease of 0.83, a monthly decrease of 2.15, and a year - on - year decrease of 0.54%. The daily average coke output is 53.30, with a weekly increase of 2.09, a monthly increase of 1.01, and a year - on - year increase of 4.88% [2] Group 3: Inventory Data - **Inventory Quantities**: Coking plant inventory is 37.52, with a weekly increase of 0.03, a monthly decrease of 1.49, and a year - on - year decrease of 14.88%. Port inventory is 211.10, with a weekly increase of 11.01, a monthly increase of 17.01, and a year - on - year increase of 18.50%. Steel mill inventory is 629.05, with a weekly decrease of 4.11, a monthly decrease of 34.35, and a year - on - year increase of 8.68% [2] - **Inventory Days**: Steel mill inventory days are 11.57, with a weekly increase of 0.50, a monthly decrease of 0.03, and a year - on - year increase of 4.42% [2] Group 4: Futures Data - **Futures Prices**: The prices of futures contracts 05, 09, and 01 are 1882.5, 1967.5, and 1740.5 respectively, with different daily, weekly, monthly, and year - on - year changes [2] - **Basis and Spreads**: The basis for 05, 09, and 01 contracts and the spreads between 5 - 9, 9 - 1, and 1 - 5 contracts also have corresponding changes [2] Group 5: Historical Data Graphs - The report presents historical data graphs of various indicators such as coke prices in different regions (Linfen, Lvliang, Changzhi, etc.), port prices, blast furnace capacity utilization, pig iron output, steel mill coke inventory, Mongolian port prices, etc. from 2021 to 2025 [3]

Group 1: Report Summary - The report is a Coke Daily Report released on November 5, 2025, by the Black Team of the Research Center [1] Group 2: Industry Data Coke Prices - The latest prices of different types of coke: Shanxi quasi - first wet - quenched coke is 1537.01, Hebei quasi - first dry - quenched coke is 1790.00, Shandong quasi - first dry - quenched coke is 1715.00, Jiangsu quasi - first dry - quenched coke is 1755.00, and Inner Mongolia second - grade coke is 1230.00. There is no daily change in these prices [2] Production and Capacity - The blast furnace开工率 is 88.61, with a weekly change of - 1.33 and a monthly change of - 2.04 but a year - on - year increase of 0.15%. The iron water daily average output is 236.36, with a weekly change of - 3.54 and a monthly change of - 5.45 but a year - on - year increase of 0.38%. The coking capacity utilization rate is 73.16, with a weekly change of - 0.83, a monthly change of - 2.15, and a year - on - year decrease of 0.54%. The coke daily average output is 53.30, with a weekly change of 2.09, a monthly change of 1.01, and a year - on - year increase of 4.88% [2] Inventory - Coking plant inventory is 37.52, with a weekly change of 0.03, a monthly change of - 1.49, and a year - on - year decrease of - 14.88%. Port inventory is 211.10, with a weekly change of 11.01, a monthly change of 17.01, and a year - on - year increase of 18.50%. Steel mill inventory is 629.05, with a weekly change of - 4.11, a monthly change of - 34.35, and a year - on - year increase of 8.68%. Steel mill inventory days are 11.57, with a weekly change of 0.50, a monthly change of - 0.03, and a year - on - year increase of 4.42% [2] Futures Market - The latest prices of different coke futures contracts: Disk 05 is 1885, Disk 09 is 1962.5, and Disk 01 is 1753.5. The 05 basis is - 38.76, the 09 basis is - 116.26, and the 01 basis is 92.74. The 5 - 9 spread is - 131.50, the 9 - 1 spread is - 77.50, and the 1 - 5 spread is 209.00 [2]

Core Insights - Anhui Maoye Technology Co., Ltd. has been established with a registered capital of 20 million RMB [1] - The company is engaged in various business activities including technology services, bamboo products manufacturing and sales, and coal-based activated carbon processing [1] Company Overview - The legal representative of the company is Wang Tao [1] - The registered capital is 20 million RMB [1] Business Scope - The company operates in multiple sectors such as: - Technology services, development, consulting, exchange, transfer, and promotion [1] - Manufacturing and sales of bamboo products and daily wooden products [1] - Sales of flooring, packaging services, and arts and crafts products (excluding ivory and its products) [1] - Sales of forestry products, wooden toys, wooden containers, charcoal, firewood, and furniture accessories [1] - Sales of forestry and bamboo harvesting machinery (excluding licensed businesses) [1]

1. Report Industry Investment Rating - No relevant content provided 2. Core Viewpoints - No clear core viewpoints are presented in the given content 3. Summary by Related Catalogs Price Information - The price of Hebei quasi - dry quenching coke is 1790.00, with a weekly increase of 55.00, a monthly increase of 110.00, and a year - on - year decrease of 1.10% [2] - The price of Shandong quasi - dry quenching coke is 1715.00, with a weekly increase of 55.00, a monthly increase of 110.00, and a year - on - year decrease of 16.95% [2] - The price of Jiangsu quasi - dry quenching coke is 1755.00, with a weekly increase of 55.00, a monthly increase of 110.00, and a year - on - year decrease of 16.63% [2] - The price of Inner Mongolia secondary coke is 1230.00, with a weekly increase of 50.00, a monthly increase of 150.00, and a year - on - year decrease of 23.13% [2] Production and Utilization - The blast furnace operating rate is 89.94, with a weekly decrease of 0.39, a monthly decrease of 0.92, and a year - on - year increase of 2.22% [2] - The daily average pig iron output is 236.36, with a weekly decrease of 3.54, a monthly decrease of 5.45, and a year - on - year increase of 0.38% [2] - The coking capacity utilization rate is 73.16, with a weekly decrease of 0.83, a monthly decrease of 2.15, and a year - on - year decrease of 0.54% [2] - The daily average coke output is 53.30, with a weekly increase of 2.09, a monthly increase of 1.01, and a year - on - year increase of 4.88% [2] Inventory Information - The coking plant inventory is 37.52, with a weekly increase of 0.03, a monthly decrease of 1.49, and a year - on - year decrease of 14.88% [2] - The port inventory is 211.10, with a weekly increase of 11.01, a monthly increase of 17.01, and a year - on - year increase of 18.50% [2] - The steel mill inventory is 629.05, with a weekly decrease of 4.11, a monthly decrease of 34.35, and a year - on - year increase of 8.68% [2] - The steel mill inventory days are 11.57, with a weekly increase of 0.50, a monthly decrease of 0.03, and a year - on - year increase of 4.42% [2] Futures Information - The price of futures contract 05 is 1938.5, with a daily increase of 23.50, a weekly increase of 43.50, a monthly increase of 91.50, and a year - on - year decrease of 9.42% [2] - The price of futures contract 09 is 2027.5, with a daily increase of 15.50, a weekly increase of 54.00, a monthly increase of 94.00, and a year - on - year decrease of 7.36% [2] - The price of futures contract 01 is 1797, with a daily increase of 21.00, a weekly increase of 31.50, a monthly increase of 86.50, and a year - on - year decrease of 12.53% [2] - The 05 basis is - 108.39, with a daily decrease of 23.50, a weekly increase of 15.22, a monthly increase of 9.82, and a year - on - year decrease of 173.98 [2] - The 09 basis is - 197.39, with a daily decrease of 15.50, a weekly increase of 4.72, a monthly increase of 7.32, and a year - on - year decrease of 214.48 [2] - The 01 basis is 33.11, with a daily decrease of 21.00, a weekly increase of 27.22, a monthly increase of 14.82, and a year - on - year decrease of 117.98 [2] - The 5 - 9 spread is - 141.50, with a daily decrease of 2.50, a weekly decrease of 12.00, a monthly decrease of 5.00, and a year - on - year decrease of 56.00 [2] - The 9 - 1 spread is - 89.00, with a daily increase of 8.00, a weekly decrease of 10.50, a monthly decrease of 2.50, and a year - on - year decrease of 40.50 [2] - The 1 - 5 spread is 230.50, with a daily decrease of 5.50, a weekly increase of 22.50, a monthly increase of 7.50, and a year - on - year increase of 96.50 [2]

Core Viewpoint - Antai Group has shifted its core coking business to a commissioned processing model to mitigate losses in response to a challenging market environment [1] Financial Performance - For the first three quarters of 2025, Antai Group reported operating revenue of 3.784 billion, a year-on-year decline of 26.55% [2] - The net profit attributable to shareholders was a loss of 155 million [2] - The net cash flow from operating activities was 161 million, down 54.42% year-on-year [3] - Total assets as of September 30, 2025, were 4.357 billion, a decrease of 5.18% from the end of the previous year [3] - Shareholders' equity decreased by 10.30% to 1.358 billion [3] Strategic Adjustments - The transition to a commissioned processing model for the coking business was implemented to address the volatility in the coal and coke market [3] - The company faces ongoing challenges with declining revenue and tight cash flow, raising questions about its ability to reverse the current situation and find new growth points [3]

Core Viewpoint - Shaanxi Black Cat reported a significant decline in revenue and net profit for the third quarter of 2025, indicating ongoing financial challenges for the company [1] Financial Performance - In Q3 2025, the company achieved an operating income of 2.619 billion yuan, a year-on-year decrease of 28.67% [1] - The net profit attributable to shareholders was a loss of 284 million yuan, with basic earnings per share at -0.14 yuan [1] - For the first three quarters of 2025, the operating income totaled 7.852 billion yuan, down 31.24% year-on-year [1] - The net profit attributable to shareholders for the first three quarters was a loss of 746 million yuan, with basic earnings per share at -0.37 yuan [1]

Report Information - Report Title: Coke Daily Report - Date: October 29, 2025 - Research Team: Black Team of the Research Center [1] Industry Investment Rating - Not provided in the report Core Viewpoints - Not provided in the report Summary by Relevant Catalog Coke Price - The latest price of Shanxi quasi - first wet quenching coke is 1537.01, with no daily change, a weekly increase of 54.61, a monthly increase of 109.23, and a year - on - year decrease of 20.89% [2] - The latest price of Hebei quasi - first dry quenching coke is 1790.00, with no daily change, a weekly increase of 55.00, a monthly increase of 110.00, and a year - on - year decrease of 3.76% [2] - The latest price of Shandong quasi - first dry quenching coke is 1715.00, with no daily change, a weekly increase of 55.00, a monthly increase of 110.00, and a year - on - year decrease of 19.10% [2] - The latest price of Jiangsu quasi - first dry quenching coke is 1755.00, with no daily change, a weekly increase of 55.00, a monthly increase of 110.00, and a year - on - year decrease of 18.75% [2] - The latest price of Inner Mongolia second - grade coke is 1230.00, with no daily change, a weekly increase of 50.00, a monthly increase of 150.00, and a year - on - year decrease of 27.65% [2] Production and Utilization Rate - The blast furnace开工率 is 89.94, with a weekly decrease of 0.39, a monthly decrease of 0.92, and a year - on - year increase of 2.22% [2] - The daily average iron water output is 239.90, with a weekly decrease of 1.05, a monthly decrease of 2.46, and a year - on - year increase of 1.79% [2] - The coking capacity utilization rate is 73.99, with a weekly decrease of 0.96, a monthly decrease of 1.36, and a year - on - year increase of 0.20% [2] - The daily average coke output is 51.21, with a weekly decrease of 0.07, a monthly decrease of 0.81, and a year - on - year increase of 0.37% [2] Inventory - The coking plant inventory is 37.49, with a weekly decrease of 0.10, a monthly decrease of 2.05, and a year - on - year decrease of 6.02% [2] - The port inventory is 200.09, with a weekly increase of 4.94, a monthly increase of 4.03, and a year - on - year increase of 7.47% [2] - The steel mill inventory is 633.16, with a weekly decrease of 6.28, a monthly decrease of 28.15, and a year - on - year increase of 11.46% [2] - The steel mill inventory days are 11.07, with a weekly decrease of 0.12, a monthly decrease of 0.59, and a year - on - year increase of 2.03% [2] Futures Market - The price of futures contract 05 is 1897, with a daily increase of 4.00, a weekly increase of 56.50, a monthly increase of 30.50, and a year - on - year decrease of 10.48% [2] - The price of futures contract 09 is 1980, with a daily increase of 5.50, a weekly increase of 59.00, a monthly increase of 56.50, and a year - on - year decrease of 8.73% [2] - The price of futures contract 01 is 1767.5, with a daily increase of 3.00, a weekly increase of 71.00, a monthly increase of 42.00, and a year - on - year decrease of 13.23% [2] - The 05 basis is - 66.89, with a daily decrease of 4.00, a weekly increase of 2.22, a monthly increase of 70.82, and a year - on - year decrease of 155.63 [2] - The 09 basis is - 149.89, with a daily decrease of 5.50, a weekly decrease of 0.28, a monthly increase of 44.82, and a year - on - year decrease of 188.13 [2] - The 01 basis is 62.61, with a daily decrease of 3.00, a weekly decrease of 12.28, a monthly increase of 59.32, and a year - on - year decrease of 108.13 [2] - The 5 - 9 spread is - 129.50, with a daily decrease of 1.00, a weekly increase of 14.50, a monthly increase of 11.50, and a year - on - year decrease of 47.50 [2] - The 9 - 1 spread is - 83.00, with a daily decrease of 1.50, a weekly decrease of 2.50, a monthly decrease of 26.00, and a year - on - year decrease of 32.50 [2] - The 1 - 5 spread is 212.50, with a daily increase of 2.50, a weekly decrease of 12.00, a monthly increase of 14.50, and a year - on - year increase of 80.00 [2]

Report Summary 1. Report Industry Investment Rating No information provided. 2. Core Viewpoints No information provided. 3. Summary Based on Relevant Data Price Information - The latest price of Shanxi quasi - first wet quenching coke is 1537.01, with a daily change of 54.61, a weekly change of 54.61, a monthly change of 109.23, and a year - on - year change of - 20.89% [2]. - The latest price of Hebei quasi - first dry quenching coke is 1735.00, with no daily or weekly change, a monthly change of 55.00, and a year - on - year change of - 6.72% [2]. - The latest price of Shandong quasi - first dry quenching coke is 1660.00, with no daily or weekly change, a monthly change of 55.00, and a year - on - year change of - 21.70% [2]. - The latest price of Jiangsu quasi - first dry quenching coke is 1700.00, with no daily or weekly change, a monthly change of 55.00, and a year - on - year change of - 21.30% [2]. - The latest price of Inner Mongolia second - grade coke is 1230.00, with a daily change of 50.00, a weekly change of 50.00, a monthly change of 150.00, and a year - on - year change of - 27.65% [2]. Production and Inventory Data - The blast furnace operating rate is 89.94, with a weekly change of - 0.39, a monthly change of - 0.92, and a year - on - year change of 2.22% [2]. - The average daily iron water output is 239.90, with a weekly change of - 1.05, a monthly change of - 2.46, and a year - on - year change of 1.79% [2]. - The coking plant inventory is 37.49, with a weekly change of - 0.10, a monthly change of - 2.05, and a year - on - year change of - 6.02% [2]. - The port inventory is 200.09, with a weekly change of 4.94, a monthly change of 4.03, and a year - on - year change of 7.47% [2]. - The steel mill inventory is 633.16, with a weekly change of - 6.28, a monthly change of - 28.15, and a year - on - year change of 11.46% [2]. - The steel mill inventory days are 11.07, with a weekly change of - 0.12, a monthly change of - 0.59, and a year - on - year change of 2.03% [2]. - The coking capacity utilization rate is 73.99, with a weekly change of - 0.96, a monthly change of - 1.36, and a year - on - year change of 0.20% [2]. - The average daily coke output is 51.21, with a weekly change of - 0.07, a monthly change of - 0.81, and a year - on - year change of 0.37% [2]. Futures Market Data - The price of futures contract 05 is 1893, with a daily change of - 2.00, a weekly change of 55.50, a monthly change of 39.50, and a year - on - year change of - 7.82% [2]. - The price of futures contract 09 is 1974.5, with a daily change of 1.00, a weekly change of 57.00, a monthly change of 72.50, and a year - on - year change of - 6.31% [2]. - The price of futures contract 01 is 1764.5, with a daily change of - 1.00, a weekly change of 73.00, a monthly change of 39.00, and a year - on - year change of - 10.70% [2]. - The 05 basis is - 62.89, with a daily change of 60.72, a weekly change of 3.22, a monthly change of 61.82, and a year - on - year change of - 217.13 [2]. - The 09 basis is - 144.39, with a daily change of 57.72, a weekly change of 1.72, a monthly change of 28.82, and a year - on - year change of - 244.63 [2]. - The 01 basis is 65.61, with a daily change of 59.72, a weekly change of - 14.28, a monthly change of 62.32, and a year - on - year change of - 166.13 [2]. - The 5 - 9 spread is - 128.50, with a daily change of 1.00, a weekly change of 17.50, a monthly change of - 0.50, and a year - on - year change of - 51.00 [2]. - The 9 - 1 spread is - 81.50, with a daily change of - 3.00, a weekly change of - 1.50, a monthly change of - 33.00, and a year - on - year change of - 27.50 [2]. - The 1 - 5 spread is 210.00, with a daily change of 2.00, a weekly change of - 16.00, a monthly change of 33.50, and a year - on - year change of 78.50 [2].

Core Viewpoint - Inner Mongolia Baiheng Technology New Materials Development Co., Ltd. has been established with a registered capital of 1 million RMB, focusing on various consulting and sales services in technology and materials [1] Company Overview - The company is represented by Lin Xiaojun and has a registered capital of 1 million RMB [1] - The business scope includes general projects such as information consulting services, technology consulting, and environmental consulting [1] Business Activities - The company engages in the sale of coal and its products, including coal-based activated carbon and other coal processing [1] - It also sells chemical products (excluding licensed chemical products), machinery, mining machinery, and various specialized equipment [1] - The company is involved in the sale of rare earth functional materials, non-ferrous metal alloys, and high-performance non-ferrous metals and alloys [1] Environmental Focus - The company offers services related to environmental monitoring instruments and equipment, as well as sales of environmental protection specialized equipment [1] - It emphasizes the sale of high-quality special steel materials and plastic packaging products for food [1]