1. Report Information - Report Title: Coking Coal Daily Report [1] - Research Team: Black Team of the Research Center [1] - Report Date: January 9, 2026 [1] 2. Price and Inventory Data 2.1 Coal Prices - **柳林主焦**: The latest price is 1403.00, with no daily change, a weekly decrease of 47.00, a monthly decrease of 102.00, and an annual increase of 0.21% [2]. - **原煤口岸库提价**: The latest price is 1034.00, a daily increase of 34.00, a weekly increase of 64.00, a monthly increase of 82.00, and an annual increase of 11.78% [2]. - **沙河驿蒙5**: The latest price is 1340.00, with no daily or weekly change, a monthly decrease of 60.00, and an annual decrease of 4.29% [2]. - **安泽主焦**: The latest price is 1500.00, with no daily change, a weekly decrease of 100.00, no monthly change, and an annual increase of 5.63% [2]. - **Peak Downs**: The latest price is 229.50, a daily and weekly increase of 1.00, a monthly increase of 7.50, and an annual increase of 24.50 [2]. - **Goonyella**: The latest price is 230.50, a daily and weekly increase of 1.00, a monthly increase of 9.50, and an annual increase of 22.50 [2]. 2.2 Futures Prices - **盘面05**: The latest price is 1204.00, a daily increase of 68.00, a weekly increase of 88.50, a monthly increase of 120.00, and an annual increase of 5.29% [2]. - **盘面09**: The latest price is 1275.50, a daily increase of 56.00, a weekly increase of 84.50, a monthly increase of 119.50, and an annual increase of 4.94% [2]. - **盘面01**: The latest price is 1164.00, a daily increase of 44.00, a weekly increase of 118.00, a monthly increase of 173.50, and an annual increase of 11.87% [2]. 2.3 Inventory Data - **总库存**: The latest inventory is 4052.57, a weekly decrease of 5.75, a monthly increase of 147.13, and an annual decrease of 14.85% [2]. - **煤矿库存**: The latest inventory is 295.01, a weekly increase of 1.67, a monthly increase of 39.70, and an annual decrease of 23.00% [2]. - **港口库存**: The latest inventory is 301.30, a weekly increase of 1.80, a monthly increase of 4.80, and an annual decrease of 39.59% [2]. - **钢厂焦煤库存**: The latest inventory is 802.27, a weekly decrease of 4.45, a monthly increase of 4.00, and an annual increase of 2.29% [2]. - **焦化焦煤库存**: The latest inventory is 1052.50, a weekly increase of 12.78, a monthly increase of 43.30, and an annual decrease of 0.15% [2]. 2.4 Other Data - **焦化产能利用率**: The latest utilization rate is 72.69, a weekly increase of 0.97, a monthly decrease of 0.47, and an annual decrease of 0.63% [2]. - **焦化焦炭库存**: The latest inventory is 85.67, a weekly increase of 0.09, a monthly decrease of 0.28, and an annual decrease of 0.66% [2]. - **05基差**: The latest value is - 108.83, a daily increase of 38.90, a weekly increase of 18.40, a monthly decrease of 85.52, and an annual decrease of 26.02 [2]. - **09基差**: The latest value is - 180.33, a daily increase of 50.90, a weekly increase of 22.40, a monthly decrease of 85.02, and an annual increase of 0.16 [2]. - **01基差**: The latest value is - 68.83, a daily increase of 62.90, a weekly decrease of - 11.10, a monthly decrease of 139.02, and an annual decrease of 4.41 [2]. - **5 - 9价差**: The latest value is - 71.50, a daily increase of 12.00, a weekly increase of 4.00, a monthly increase of 0.50, and an annual decrease of - 0.01 [2]. - **9 - 1价差**: The latest value is 111.50, a daily increase of 12.00, a weekly decrease of 33.50, a monthly decrease of 54.00, and an annual decrease of - 0.36 [2]. - **1 - 5价差**: The latest value is - 40.00, a daily decrease of 24.00, a weekly increase of 29.50, a monthly increase of 53.50, and an annual decrease of - 0.61 [2].

Group 1: Report Information - Report Name: Coking Coal Daily [1] - Research Team: Black Team of Research Center [1] - Report Date: January 7, 2026 [1] Group 2: Price Information - **Domestic Coking Coal**: The latest price of Liulin Main Coking Coal is 1403.00 with no daily change, a weekly decrease of 47.00, a monthly decrease of 102.00, and an annual increase of 0.21%; the latest price of Raw Coal Port Delivery Price is 953.00, a daily decrease of 7.00, a weekly decrease of 2.00, a monthly decrease of 17.00, and an annual increase of 2.47%; the latest price of Shaheyi Mongolian No. 5 is 1340.00 with no daily or weekly change, a monthly decrease of 80.00, and an annual decrease of 4.29%; the latest price of Anze Main Coking Coal is 1500.00 with no daily change, a weekly decrease of 100.00, no monthly change, and an annual increase of 5.63% [2]. - **Foreign Coking Coal**: The latest price of Peak Downs is 228.50 with no daily change, a weekly increase of 0.50, a monthly increase of 6.50, and an annual increase of 22.50; the latest price of Goonyella is 229.50 with no daily change, a weekly increase of 0.50, a monthly increase of 8.50, and an annual increase of 18.50 [2]. - **Futures Market**: The latest price of Futures Contract 05 is 1078.00, a daily decrease of 19.00, a weekly decrease of 30.50, a monthly decrease of 87.00, and an annual decrease of 6.46%; the latest price of Futures Contract 09 is 1154.50, a daily decrease of 19.00, a weekly decrease of 33.50, a monthly decrease of 71.50, and an annual decrease of 5.64%; the latest price of Futures Contract 01 is 1056.00, a daily decrease of 25.00, a weekly increase of 40.00, a monthly decrease of 23.50, and an annual decrease of 1.08% [2]. Group 3: Inventory Information - The total inventory is 4058.33, with a weekly increase of 46.93, a monthly increase of 255.41, and an annual decrease of 14.27% [2]. - The coal mine inventory is 293.34, with a weekly increase of 10.44, a monthly increase of 46.33, and an annual decrease of 20.60% [2]. - The port inventory is 299.50, with a weekly increase of 13.33, a monthly increase of 5.00, and an annual decrease of 38.74% [2]. - The steel mill coking coal inventory is 806.72, with a weekly increase of 1.73, a monthly increase of 5.42, and an annual increase of 4.00% [2]. - The coking plant coking coal inventory is 1039.72, with a weekly increase of 3.43, a monthly increase of 29.42, and an annual decrease of 1.41% [2]. Group 4: Other Information - The coking capacity utilization rate is 71.72, with a weekly increase of 0.06, a monthly decrease of 2.12, and an annual decrease of 2.09% [2]. - The coking plant coke inventory is 85.58, with a weekly increase of 0.06, a monthly decrease of 0.39, and an annual decrease of 0.34% [2]. - The 05 basis is -89.72, a daily increase of 19.00, a weekly increase of 30.50, a monthly increase of 14.59, and an annual increase of 2.09 [2]. - The 09 basis is -166.22, a daily increase of 19.00, a weekly increase of 33.50, a monthly decrease of 0.91, and an annual increase of 0.02 [2]. - The 01 basis is -67.72, a daily increase of 25.00, a weekly decrease of 40.00, a monthly decrease of 48.91, and an annual increase of 8.94 [2]. - The 5 - 9 spread is -76.50 with no daily change, a weekly increase of 3.00, a monthly decrease of 15.50, and an annual increase of 0.08 [2]. - The 9 - 1 spread is 98.50, a daily increase of 6.00, a weekly decrease of 73.50, a monthly decrease of 48.00, and an annual decrease of 0.37 [2]. - The 1 - 5 spread is -22.00, a daily decrease of 6.00, a weekly increase of 70.50, a monthly increase of 63.50, and an annual decrease of 0.74 [2].

1. Report Industry Investment Rating - Not provided in the given content 2. Report Core View - Not provided in the given content 3. Summary by Relevant Catalog Price Information - The latest price of Liulin Main Coking Coal is 1500.00, with no daily or weekly changes, a monthly decrease of 5.00 and an annual increase of 2.74% [2] - The latest price of Raw Coal Port Delivery Price is 985.00, with a daily decrease of 11.00, a weekly increase of 15.00, a monthly decrease of 5.00 and an annual increase of 4.23% [2] - The latest price of Shaheyi Meng 5 is 1340.00, with no daily change, a weekly decrease of 20.00, a monthly decrease of 160.00 and an annual decrease of 8.22% [2] - The latest price of Anze Main Coking Coal is 1600.00, with no daily or weekly changes, a monthly increase of 20.00 and an annual increase of 6.67% [2] - The latest price of Peak Downs is 228.00, with no daily or weekly changes, a monthly increase of 14.00 and an annual increase of 22.50 [2] - The latest price of Goonyella is 229.00, with no daily or weekly changes, a monthly increase of 16.00 and an annual increase of 22.50 [2] - The latest price of Futures Contract 05 is 1127.00, with a daily increase of 3.00, a weekly increase of 17.00, a monthly decrease of 43.00 and an annual decrease of 2.30% [2] - The latest price of Futures Contract 09 is 1204.50, with a daily increase of 1.00, a weekly increase of 19.00, a monthly decrease of 31.00 and an annual decrease of 1.63% [2] - The latest price of Futures Contract 01 is 1043.00, with a daily increase of 2.50, a weekly increase of 45.50, a monthly decrease of 32.50 and an annual decrease of 0.14% [2] Inventory Information - The total inventory is 4011.40, with a weekly increase of 77.29, a monthly increase of 290.20 and an annual decrease of 15.69% [2] - The coal mine inventory is 282.90, with a weekly increase of 10.13, a monthly increase of 58.98 and an annual decrease of 17.19% [2] - The port inventory is 286.17, with a weekly decrease of 21.33, a monthly decrease of 5.33 and an annual decrease of 40.26% [2] - The steel mill coking coal inventory is 804.99, with a weekly increase of 10.34, a monthly increase of 7.91 and an annual increase of 6.06% [2] - The coking plant coking coal inventory is 1036.29, with a weekly decrease of 1.01, a monthly decrease of 1.90 and an annual decrease of 2.44% [2] - The coking plant coke inventory is 85.52, with a weekly decrease of 0.21, a monthly increase of 0.10 and an annual decrease of 0.86% [2] Other Information - The coking capacity utilization rate is 71.66, with a weekly decrease of 0.39, a monthly decrease of 1.29 and an annual decrease of 1.97% [2] - The basis of Futures Contract 05 is -66.31, with a daily increase of 31.48, a weekly increase of 17.48, a monthly decrease of 123.67 and an annual decrease of 53.96 [2] - The basis of Futures Contract 09 is -143.81, with a daily increase of 33.48, a weekly increase of 15.48, a monthly decrease of 135.67 and an annual increase of 0.73 [2] - The basis of Futures Contract 01 is 17.69, with a daily increase of 31.98, a weekly decrease of 11.02, a monthly decrease of 134.17 and an annual decrease of 0.82 [2] - The spread between Futures Contract 05 and 09 is -77.50, with a daily increase of 2.00, a weekly decrease of 2.00, a monthly decrease of 12.00 and an annual increase of 0.09 [2] - The spread between Futures Contract 09 and 01 is 161.50, with a daily decrease of 1.50, a weekly decrease of 26.50, a monthly increase of 1.50 and an annual decrease of 0.10 [2] - The spread between Futures Contract 01 and 05 is -84.00, with a daily decrease of 0.50, a weekly increase of 28.50, a monthly increase of 10.50 and an annual decrease of 0.23 [2]

1. Report Information - Report Name: Coking Coal Daily [1] - Date: December 24, 2025 [1] - Research Team: Black Team of the Research Center [1] 2. Price Information Spot Prices - **LiuLin Main Coking Coal**: The latest price is 1,500.00, with no daily change, a weekly decrease of 5.00, a monthly decrease of 145.00, and an annual increase of 3.45% [2] - **Raw Coal Port Delivery Price**: The latest price is 965.00, with a daily decrease of 5.00, a weekly decrease of 5.00, a monthly decrease of 43.00, and an annual increase of 1.58% [2] - **ShaHeYi Meng 5**: The latest price is 1,360.00, with no daily change, no weekly change, a monthly decrease of 150.00, and an annual decrease of 8.11% [2] - **AnZe Main Coking Coal**: The latest price is 1,600.00, with no daily change, a weekly increase of 100.00, a monthly increase of 20.00, and an annual increase of 3.90% [2] International Spot Prices - **Peak Downs**: The latest price is 228.00, with no daily change, a weekly increase of 2.00, a monthly increase of 14.00, and an annual increase of 27.00 [2] - **Goonyella**: The latest price is 229.00, with no daily change, a weekly increase of 2.00, a monthly increase of 16.00, and an annual increase of 28.00 [2] Futures Prices - **Futures 05**: The latest price is 1,125.00, with a daily increase of 20.50, a weekly increase of 63.00, a monthly decrease of 63.50, and an annual decrease of 2.93% [2] - **Futures 09**: The latest price is 1,199.50, with a daily increase of 14.50, a weekly increase of 64.00, a monthly decrease of 54.00, and an annual decrease of 2.04% [2] - **Futures 01**: The latest price is 1,034.50, with a daily increase of 30.50, a weekly increase of 64.00, a monthly decrease of 62.50, and an annual decrease of 4.39% [2] 3. Inventory Information - **Total Inventory**: The latest inventory is 3,934.10, with a weekly increase of 28.66, a monthly increase of 297.27, and an annual decrease of 16.27% [2] - **Coal Mine Inventory**: The latest inventory is 272.77, with a weekly increase of 17.46, a monthly increase of 86.85, and an annual decrease of 19.17% [2] - **Port Inventory**: The latest inventory is 307.50, with a weekly increase of 11.00, a monthly increase of 9.00, and an annual decrease of 31.50% [2] - **Steel Mill Coking Coal Inventory**: The latest inventory is 794.65, with a weekly decrease of 3.62, a monthly increase of 4.48, and an annual increase of 5.11% [2] - **Coking Plant Coking Coal Inventory**: The latest inventory is 1,037.30, with a weekly increase of 28.10, a monthly decrease of 31.67, and an annual decrease of 0.23% [2] - **Coking Plant Coke Inventory**: The latest inventory is 85.73, with a weekly decrease of 0.22, a monthly increase of 0.50, and an annual decrease of 0.89% [2] 4. Production and Utilization Information - **Coking Capacity Utilization Rate**: The latest utilization rate is 72.05, with a weekly decrease of 1.11, a monthly increase of 0.34, and an annual decrease of 1.33% [2] 5. Basis and Spread Information Basis - **05 Basis**: The latest basis is -98.79, with a daily decrease of 20.50, a weekly decrease of 40.01, a monthly decrease of 137.65, and an annual decrease of 80.94 [2] - **09 Basis**: The latest basis is -173.29, with a daily decrease of 14.50, a weekly decrease of 41.01, a monthly decrease of 147.15, and an annual increase of 1.08 [2] - **01 Basis**: The latest basis is -8.29, with a daily decrease of 30.50, a weekly decrease of 41.01, a monthly decrease of 138.65, and an annual decrease of 1.14 [2] Spread - **5 - 9 Spread**: The latest spread is -74.50, with a daily increase of 6.00, a weekly decrease of 1.00, a monthly decrease of 9.50, and an annual increase of 0.14 [2] - **9 - 1 Spread**: The latest spread is 165.00, with a daily decrease of 16.00, no weekly change, a monthly increase of 8.50, and an annual increase of 0.16 [2] - **1 - 5 Spread**: The latest spread is -90.50, with a daily increase of 10.00, a weekly increase of 1.00, a monthly increase of 1.00, and an annual increase of 0.18 [2]

Report Information - Report Title: Coking Coal Daily Report - Date: December 22, 2025 - Research Team: Black Team of the Research Center [1] Price and Inventory Data Coal Prices - **柳林主焦**: The latest price is 1500.00, with no daily change, a weekly decrease of 5.00, a monthly decrease of 145.00, and an annual increase of 3.45% [2] - **原煤口岸库提价**: The latest price is 983.00, with a daily increase of 13.00, a weekly increase of 53.00, a monthly decrease of 17.00, and an annual increase of 1.87% [2] - **沙河驿蒙5**: The latest price is 1360.00, with no daily change, a weekly decrease of 40.00, a monthly decrease of 150.00, and an annual decrease of 8.72% [2] - **安泽主焦**: The latest price is 1600.00, with no daily change, a weekly increase of 100.00, a monthly decrease of 60.00, and an annual increase of 3.23% [2] International Coal Prices - **Peak Downs**: The latest price is 228.00, with no daily change, a weekly increase of 4.00, a monthly increase of 18.00, and an annual increase of 25.00 [2] - **Goonyella**: The latest price is 229.00, with no daily change, a weekly increase of 6.00, a monthly increase of 20.00, and an annual increase of 26.00 [2] Futures Prices - **盘面05**: The latest price is 1110.00, with a daily increase of 2.00, a weekly increase of 56.50, a monthly decrease of 83.50, and an annual decrease of 3.77% [2] - **盘面09**: The latest price is 1185.50, with a daily increase of 2.00, a weekly increase of 57.00, a monthly decrease of 75.50, and an annual decrease of 3.07% [2] - **盘面01**: The latest price is 997.50, with a daily decrease of 8.00, a weekly increase of 27.00, a monthly decrease of 115.50, and an annual decrease of 8.49% [2] Inventory Data - **总库存**: The latest inventory is 3934.10, with a weekly increase of 28.66, a monthly increase of 297.27, and an annual decrease of 16.27% [2] - **煤矿库存**: The latest inventory is 272.77, with a weekly increase of 17.46, a monthly increase of 86.85, and an annual decrease of 19.17% [2] - **港口库存**: The latest inventory is 307.50, with a weekly increase of 11.00, a monthly increase of 9.00, and an annual decrease of 31.50% [2] - **钢厂焦煤库存**: The latest inventory is 794.65, with a weekly decrease of 3.62, a monthly increase of 4.48, and an annual increase of 5.11% [2] - **焦化焦煤库存**: The latest inventory is 1037.30, with a weekly increase of 28.10, a monthly decrease of 31.67, and an annual decrease of 0.23% [2] Other Data - **焦化产能利用率**: The latest utilization rate is 72.05, with a weekly decrease of 1.11, a monthly increase of 0.34, and an annual decrease of 1.33% [2] - **焦化焦炭库存**: The latest inventory is 85.73, with a weekly decrease of 0.22, a monthly increase of 0.50, and an annual decrease of 0.89% [2] - **05基差**: The latest value is -83.79, with a daily increase of 20.99, a weekly decrease of 33.51, a monthly decrease of 83.17, and an annual decrease of 71.44% [2] - **09基差**: The latest value is -159.29, with a daily increase of 20.99, a weekly decrease of 34.01, a monthly decrease of 91.17, and an annual increase of 0.95% [2] - **01基差**: The latest value is 28.71, with a daily increase of 30.99, a weekly decrease of 4.01, a monthly decrease of 51.17, and an annual decrease of 0.44% [2] - **5 - 9价差**: The latest value is -75.50, with no daily change, a weekly decrease of 0.50, a monthly decrease of 8.00, and an annual increase of 0.09% [2] - **9 - 1价差**: The latest value is 188.00, with a daily increase of 10.00, a weekly increase of 30.00, a monthly increase of 40.00, and an annual increase of 0.41% [2] - **1 - 5价差**: The latest value is -112.50, with a daily decrease of 10.00, a weekly decrease of 29.50, a monthly decrease of 32.00, and an annual increase of 0.77% [2]

Report Information - Report Title: Coking Coal Daily Report - Date: December 19, 2025 - Research Team: Black Team of the Research Center [1] Price and Inventory Data Coal Prices - **柳林主焦**: The latest price is 1,500.00, with a daily change of -5.00, a weekly change of -5.00, a monthly change of -145.00, and an annual change of 3.45% [2] - **原煤口岸库提价**: The latest price is 970.00, with a daily change of 51.00, a weekly change of 48.00, a monthly change of -27.00, and an annual change of 0.00% [2] - **沙河驿蒙5**: The latest price is 1,360.00, with a daily change of 0.00, a weekly change of -40.00, a monthly change of -190.00, and an annual change of -8.72% [2] - **安泽主焦**: The latest price is 1,600.00, with a daily change of 100.00, a weekly change of 100.00, a monthly change of -60.00, and an annual change of 3.23% [2] Inventory Data - **总库存**: The latest inventory is 3,626.39, with a weekly change of 3.27, a monthly change of 249.38, and an annual change of -16.41% [2] - **煤矿库存**: The latest inventory is 272.77, with a weekly change of 17.46, a monthly change of 86.85, and an annual change of -19.17% [2] - **港口库存**: The latest inventory is 307.50, with a weekly change of 11.00, a monthly change of 9.00, and an annual change of -31.50% [2] - **钢厂焦煤库存**: The latest inventory is 794.65, with a weekly change of -3.62, a monthly change of 4.48, and an annual change of 5.11% [2] - **焦化焦煤库存**: The latest inventory is 1,037.30, with a weekly change of 28.10, a monthly change of -31.67, and an annual change of -0.23% [2] Futures Data - **盘面05**: The latest price is 1,108.00, with a daily change of 46.00, a weekly change of 79.50, a monthly change of -75.50, and an annual change of -6.97% [2] - **盘面09**: The latest price is 1,183.50, with a daily change of 48.00, a weekly change of 83.50, a monthly change of -61.00, and an annual change of -5.96% [2] - **盘面01**: The latest price is 1,005.50, with a daily change of 35.00, a weekly change of 59.00, a monthly change of -118.00, and an annual change of -11.53% [2] Basis and Spread Data - **05基差**: The latest basis is -104.78, with a daily change of -46.00, a weekly change of -122.03, a monthly change of -221.05, and an annual change of -54.93% [2] - **09基差**: The latest basis is -180.28, with a daily change of -48.00, a weekly change of -126.03, a monthly change of -235.55, and an annual change of 0.54% [2] - **01基差**: The latest basis is -2.28, with a daily change of -35.00, a weekly change of -101.53, a monthly change of -178.55, and an annual change of -1.49% [2] - **5 - 9价差**: The latest spread is -75.50, with a daily change of -2.00, a weekly change of -4.00, a monthly change of -14.50, and an annual change of 0.12% [2] - **9 - 1价差**: The latest spread is 178.00, with a daily change of 13.00, a weekly change of 24.50, a monthly change of 57.00, and an annual change of 0.46% [2] - **1 - 5价差**: The latest spread is -102.50, with a daily change of -11.00, a weekly change of -20.50, a monthly change of -42.50, and an annual change of 0.88% [2] Other Data - **焦化产能利用率**: The latest utilization rate is 72.05, with a weekly change of -1.11, a monthly change of 0.34, and an annual change of -1.33% [2] - **焦化焦炭库存**: The latest inventory is 85.73, with a weekly change of -0.22, a monthly change of 0.50, and an annual change of -0.89% [2]

Report Information - Report Title: Coking Coal Daily Report - Date: December 17, 2025 - Research Team: Black Team of the Research Center [1] Key Data Summary Coal Prices - **Domestic Coking Coal**: The price of Liulin Main Coking Coal is 1505.00, unchanged from the previous day and week, down 140.00 from the previous month, and down 2.90% year - on - year. The price of Anze Main Coking Coal is 1500.00, unchanged from the previous day and week, down 200.00 from the previous month, and down 3.23% year - on - year. The price of Shaheyi Meng 5 is 1360.00, down 20.00 from the previous day, down 60.00 from the previous week, down 190.00 from the previous month, and down 9.93% year - on - year. The price of Raw Coal Port Pick - up Price is 970.00, up 30.00 from the previous day, up 10.00 from the previous week, down 82.00 from the previous month, and down 1.02% year - on - year [2]. - **Imported Coking Coal**: The price of Peak Downs is 226.00, up 1.50 from the previous day, up 4.00 from the previous week, up 14.50 from the previous month, and up 15.00 year - on - year. The price of Goonyella is 227.00, up 2.00 from the previous day, up 6.00 from the previous week, up 16.50 from the previous month, and up 16.00 year - on - year [2]. Futures Prices - The price of Futures Contract 05 is 1058.50, up 5.00 from the previous day, down 24.00 from the previous week, down 184.50 from the previous month, and down 13.66% year - on - year. The price of Futures Contract 09 is 1136.50, up 8.00 from the previous day, down 24.50 from the previous week, down 178.50 from the previous month, and down 12.10% year - on - year. The price of Futures Contract 01 is 964.00, down 6.50 from the previous day, down 19.00 from the previous week, down 208.50 from the previous month, and down 15.25% year - on - year [2]. Inventory Data - **Total Inventory**: The total coking coal inventory is 3623.12, up 83.41 from the previous week, up 263.76 from the previous month, and down 14.09% year - on - year. - **Sub - inventories**: Coal mine inventory is 255.31, up 8.30 from the previous week, up 90.25 from the previous month, and down 24.13% year - on - year. Port inventory is 296.50, up 2.00 from the previous week, down 7.77 from the previous month, and down 34.68% year - on - year. Steel mill coking coal inventory is 798.27, down 3.03 from the previous week, up 10.97 from the previous month, and up 7.60% year - on - year. Coking plant coking coal inventory is 1009.20, down 1.10 from the previous week, down 60.82 from the previous month, and up 0.72% year - on - year [2]. Other Data - **Coking Capacity Utilization**: The coking capacity utilization rate is 73.16, down 0.68 from the previous week, up 1.52 from the previous month, and down 1.16% year - on - year. - **Coking Coke Inventory**: The coking coke inventory is 85.95, down 0.02 from the previous week, up 0.81 from the previous month, and down 0.60% year - on - year. - **Futures Basis and Spreads**: The 05 basis is - 55.28, down 5.00 from the previous day, down 33.47 from the previous week, down 112.05 from the previous month, and up 29.57 year - on - year. The 09 basis is - 133.28, down 8.00 from the previous day, down 32.97 from the previous week, down 118.05 from the previous month, and down 0.12 year - on - year. The 01 basis is 39.22, up 6.50 from the previous day, down 38.47 from the previous week, down 88.05 from the previous month, and up 9.75 year - on - year. The 5 - 9 spread is - 78.00, down 3.00 from the previous day, up 0.50 from the previous week, down 6.00 from the previous month, and up 0.16 year - on - year. The 9 - 1 spread is 172.50, up 14.50 from the previous day, down 5.50 from the previous week, up 30.00 from the previous month, and up 0.11 year - on - year. The 1 - 5 spread is - 94.50, down 11.50 from the previous day, up 5.00 from the previous week, down 24.00 from the previous month, and up 0.07 year - on - year [2]

Report Information - Report Title: Coking Coal Daily Report - Research Team: Black Team of the Research Center - Date: December 8, 2025 [1] Report Industry Investment Rating - Not provided Core Viewpoints - Not provided Summary by Relevant Catalogs Price Information - The latest price of Liulin Main Coking Coal is 1505.00, with no daily change, no weekly change, a monthly decrease of 140.00, and an annual increase of 0.60% [2] - The latest price of Peak Downs is 222.00, with no daily change, a weekly increase of 7.00, a monthly increase of 10.50, and an annual increase of 5.00 [2] - The latest price of Raw Coal Port Delivery Price is 988.00, with a daily increase of 1.00, a weekly increase of 14.00, a monthly decrease of 173.00, and an annual decrease of 1.69% [2] - The latest price of Goonyella is 221.00, with no daily change, a weekly increase of 7.00, a monthly increase of 9.50, and an annual increase of 4.00 [2] - The latest price of Shaheyi Meng 5 is 1420.00, with no daily change, a weekly decrease of 80.00, a monthly decrease of 130.00, and an annual decrease of 7.79% [2] - The latest price of Anze Main Coking Coal is 1500.00, with no daily change, a weekly decrease of 80.00, a monthly decrease of 160.00, and an annual decrease of 3.85% [2] - The latest price of Futures Contract 05 is 1165.00, with a daily decrease of 2.00, a weekly increase of 1.00, a monthly decrease of 160.50, and an annual decrease of 7.21% [2] - The latest price of Futures Contract 09 is 1226.00, with a daily decrease of 10.50, a weekly decrease of 9.00, a monthly decrease of 150.50, and an annual decrease of 7.05% [2] - The latest price of Futures Contract 01 is 1079.50, with a daily increase of 4.50, a weekly increase of 3.00, a monthly decrease of 199.00, and an annual decrease of 9.36% [2] Inventory Information - The total inventory is 3539.71, with a weekly increase of 81.45, a monthly increase of 178.19, and an annual decrease of 13.91% [2] - The coal mine inventory is 247.01, with a weekly increase of 23.09, a monthly increase of 81.42, and an annual decrease of 23.72% [2] - The port inventory is 294.50, with a weekly increase of 3.00, a monthly increase of 4.35, and an annual decrease of 35.82% [2] - The steel mill coking coal inventory is 801.30, with a weekly increase of 4.22, a monthly increase of 4.98, and an annual increase of 7.68% [2] - The coking plant coking coal inventory is 1010.30, with a weekly decrease of 27.89, a monthly decrease of 42.18, and an annual increase of 3.90% [2] Other Information - The coking capacity utilization rate is 73.84, with a weekly increase of 0.89, a monthly increase of 1.53, and an annual decrease of 0.07% [2] - The coking plant coke inventory is 85.97, with a weekly increase of 0.55, a monthly increase of 0.98, and an annual decrease of 0.81% [2] - The 05 basis is -104.31, with a daily decrease of 20.99, a weekly decrease of 23.99, a monthly decrease of 142.95, and an annual increase of 27.28 [2] - The 09 basis is -165.31, with a daily decrease of 12.49, a weekly decrease of 13.99, a monthly decrease of 152.95, and an annual decrease of 0.15 [2] - The 01 basis is -18.81, with a daily decrease of 27.49, a weekly decrease of 25.99, a monthly decrease of 104.45, and an annual decrease of 0.72 [2] - The 5 - 9 spread is -61.00, with a daily increase of 8.50, a weekly increase of 10.00, a monthly decrease of 10.00, and an annual decrease of 0.04 [2] - The 9 - 1 spread is 146.50, with a daily decrease of 15.00, a weekly decrease of 12.00, a monthly increase of 48.50, and an annual increase of 0.14 [2] - The 1 - 5 spread is -85.50, with a daily increase of 6.50, a weekly increase of 2.00, a monthly decrease of 38.50, and an annual increase of 0.33 [2]

Report Overview - Report Title: Coking Coal Daily Report - Research Team: Black Team of the Research Center - Report Date: December 4, 2025 Key Data Price Data - **Domestic Coking Coal**: The latest price of Liulin Main Coking Coal is 1505.00, unchanged from the previous day, down 140.00 from last week, down 140.00 from last month, and up 0.60% year - on - year. The price of Anze Main Coking Coal is 1500.00, down 80.00 from the previous day, down 80.00 from last week, down 160.00 from last month, and down 3.85% year - on - year [2]. - **Imported Coking Coal**: The latest price of Peak Downs is 222.00, up 6.50 from the previous day, up 8.00 from last week, up 10.50 from last month, and up 5.00 year - on - year. The price of Goonyella is 221.00, up 6.50 from the previous day, up 8.00 from last week, up 9.50 from last month, and up 4.00 year - on - year [2]. - **Futures Market**: The latest price of Futures Contract 05 is 1161.50, down 17.50 from the previous day, down 8.50 from last week, down 161.50 from last month, and down 10.52% year - on - year. The price of Futures Contract 09 is 1228.00, down 15.00 from the previous day, down 7.50 from last week, down 164.50 from last month, and down 8.77% year - on - year [2]. Inventory Data - **Total Inventory**: The total inventory is 3482.28, up 101.57 from last week, up 159.68 from last month, and down 14.28% year - on - year. - **Coal Mine Inventory**: The coal mine inventory is 223.92, up 38.00 from last week, up 59.39 from last month, and down 31.65% year - on - year. - **Port Inventory**: The port inventory is 291.50, down 7.00 from last week, up 15.85 from last month, and down 37.81% year - on - year. - **Steel Mill Coking Coal Inventory**: The steel mill coking coal inventory is 797.08, up 6.91 from last week, up 14.12 from last month, and up 7.15% year - on - year. - **Coking Plant Coking Coal Inventory**: The coking plant coking coal inventory is 1038.19, down 30.78 from last week, up 8.49 from last month, and up 13.27% year - on - year [2]. Basis and Spread Data - **Basis**: The 05 basis is - 77.82, up 17.50 from the previous day, down 135.18 from last week, down 118.96 from last month, and down 24.42 year - on - year. The 09 basis is - 144.32, up 15.00 from the previous day, down 136.18 from last week, down 115.96 from last month, and up 0.42 year - on - year. The 01 basis is 4.18, up 15.00 from the previous day, down 147.68 from last week, down 99.46 from last month, and down 0.71 year - on - year [2]. - **Spread**: The 5 - 9 spread is - 66.50, down 2.50 from the previous day, down 1.00 from last week, up 3.00 from last month, and up 0.39 year - on - year. The 9 - 1 spread is 148.50, unchanged from the previous day, down 11.50 from last week, up 16.50 from last month, and up 0.28 year - on - year. The 1 - 5 spread is - 82.00, up 2.50 from the previous day, up 12.50 from last week, down 19.50 from last month, and up 0.21 year - on - year [2]. Graphical Data - The report also includes multiple graphs showing the price trends of various coking coal types (such as Liulin Main Coking Coal, Mongolian coal at the port, etc.), inventory trends (coal mine inventory, port inventory, etc.), production trends, import volume trends, and basis and spread trends from 2021 to 2025 [3][4][5][7]

Report Information - Report Name: Coking Coal Daily Report - Date: October 30, 2025 - Research Team: Black Team of the Research Center [1] Price Information - **Spot Prices**: The latest price of Liulin Main Coking Coal is 1575.00, with no daily or weekly change, a monthly increase of 72.00, and an annual increase of 5.00%. The latest price of Raw Coal Port Delivery Price is 1140.00, with a daily increase of 9.00, a weekly increase of 45.00, a monthly increase of 102.00, and an annual decrease of 2.15%. The latest price of Shaheyi Meng 5 is 1470.00, with no daily or weekly change, a monthly increase of 80.00, and an annual decrease of 12.50%. The latest price of Anze Main Coking Coal is 1600.00, with no daily change, a weekly increase of 50.00, a monthly increase of 10.00, and an annual decrease of 7.51% [2]. - **Futures Prices**: The latest price of Futures Contract 05 is 1340.50, with a daily increase of 19.50, a weekly increase of 37.50, a monthly increase of 39.50, and an annual decrease of 8.12%. The latest price of Futures Contract 09 is 1417.50, with a daily increase of 24.00, a weekly increase of 39.50, a monthly increase of 47.00, and an annual decrease of 5.15%. The latest price of Futures Contract 01 is 1267.50, with a daily increase of 9.50, a weekly increase of 36.50, a monthly increase of 58.00, and an annual decrease of 8.91% [2]. Inventory Information - **Total Inventory**: The total inventory is 3303.53, with a weekly decrease of 14.87, a monthly decrease of 43.88, and an annual decrease of 12.73% [2]. - **Coal Mine Inventory**: The coal mine inventory is 189.54, with a weekly decrease of 15.87, a monthly decrease of 21.42, and an annual decrease of 27.22% [2]. - **Port Inventory**: The port inventory is 272.71, with a weekly decrease of 22.28, a monthly decrease of 9.48, and an annual decrease of 33.58% [2]. - **Steel Mill Coking Coal Inventory**: The steel mill coking coal inventory is 788.32, with a weekly increase of 7.19, a monthly decrease of 2.02, and an annual increase of 7.16% [2]. - **Coking Plant Coking Coal Inventory**: The coking plant coking coal inventory is 997.37, with a weekly increase of 38.31, a monthly increase of 56.96, and an annual increase of 4.17% [2]. Other Information - **Coking Capacity Utilization Rate**: The coking capacity utilization rate is 73.47, with a weekly decrease of 0.77, a monthly decrease of 1.96, and an annual decrease of 0.66% [2]. - **Coking Plant Coke Inventory**: The coking plant coke inventory is 85.03, with a weekly increase of 0.31, a monthly decrease of 0.61, and an annual decrease of 1.72% [2]. - **Futures Basis and Spread**: The 05 basis is -36.13, with a daily increase of 37.97, a weekly increase of 48.71, a monthly increase of 71.99, and an annual increase of 40.34. The 09 basis is -113.13, with a daily increase of 33.47, a weekly increase of 46.71, a monthly increase of 64.49, and an annual increase of 0.01. The 01 basis is 36.87, with a daily increase of 47.97, a weekly increase of 49.71, a monthly increase of 53.49, and an annual decrease of 5.11. The 5 - 9 spread is -77.00, with a daily decrease of 4.50, a weekly decrease of 2.00, a monthly decrease of 7.50, and an annual increase of 1.17. The 9 - 1 spread is 150.00, with a daily increase of 14.50, a weekly increase of 3.00, a monthly decrease of 11.00, and an annual increase of 0.46. The 1 - 5 spread is -73.00, with a daily decrease of 10.00, a weekly decrease of 1.00, a monthly increase of 18.50, and an annual increase of 0.08 [2].