中金:煤炭供给收紧 煤价仍有上行动能

智通财经网
Oct 21, 2025

智通财经APP获悉,中金发布研报称,1-3Q25原煤产量35.7亿吨,同比+2.0%。9月产量4.12亿吨,同比-1.8%,延续下滑但降幅收窄,月度日均产量1,372万吨,环比+8.9%;1-3Q25煤炭进口3.46亿吨,同比-11.1%。10月以来秦皇岛5500大卡动力煤均价721元/吨,较9月涨3.7%,较上年10月均价跌16%,截至10月17日报价745元/吨。往前看,煤价仍有上行动能,主要...

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