煤炭行业定期报告:“反内卷”再强化生产自律 煤价震荡走强趋势明确

中泰证券
Sep 27

行业观察:本周港口煤价高位窄幅震荡,后市预计稳中有升。近期港口煤价在库存端结构性问题的驱动下维持700 元/吨以上的年中高位。展望10 月中上旬,我们预计港口资源结构性紧缺情况或将持续,港口煤价有望稳步上涨。库存端:大秦线检修节后开启,结构性问题或将持续。近期,北方港库存处于阶段性低位,主要系:1)7 月份以来,张唐铁路发运持续偏低,日均不足23 列,导致港口煤源结构问题突出;2)到港价格持续倒挂...

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