开源证券:动力煤正在经历价格上穿过程 煤价逻辑逐一兑现

智通财经
Nov 17, 2025

智通财经APP获悉,开源证券发布研报称,截至11月14日,秦港Q5500动力煤平仓价为834元/吨,环比小涨,广州港价格指标已达到880元,已经完成提示的煤电盈利均分的750元价格目标,此时正在经历上穿过程。近两周,动力煤价格持续上涨,主要受到供给收缩和需求逆势跳涨的双重影响,其中供给收缩是国庆之后延续严查超产的行动,而需求跳涨是北方寒潮导致取暖需求上行以及港口加快补库。煤炭板块具备周期与红利的...

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