【国泰海通煤炭|黄涛团队】周观点:煤炭价格加速回升,反内卷持续发酵

煤炭涛声
20 Jul

正文报告导读:煤炭价格见底回升,预计随着全国气温的逐步攀升,再考虑到库存去化,预计未来3个月是关键的基本面验证时点。投资建议:○煤价继续回升,“反内卷”持续发酵。2025年7月1日中央财经委会议进一步明确“反内卷”,要求“依法依规治理企业低价无序竞争,引导企业提升产品品质,推动落后产能有序退出”。我们认为本轮“反内卷”政策核心聚焦在行业无序的低价竞争。2025年7月11日财政部发布《关于引导...

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