智通财经APP获悉,浙商证券发布研报称,回顾2025年,煤炭供给前高后低,进口煤同比下降,需求仍有韧性。查超产支撑下,煤价V型反转。展望2026年,国内经济维持平稳,需求增长可期,供给在限产和保供之间平衡,煤炭价格中枢抬升。供需决定库存,库存决定价格,该行认为2026年库存介于2024-2025年之间,动力煤均价800-850元/吨;考虑到焦煤下游钢铁用煤偏弱、供给端潜在增量,预计焦煤和动力煤比价...
Source Link智通财经APP获悉,浙商证券发布研报称,回顾2025年,煤炭供给前高后低,进口煤同比下降,需求仍有韧性。查超产支撑下,煤价V型反转。展望2026年,国内经济维持平稳,需求增长可期,供给在限产和保供之间平衡,煤炭价格中枢抬升。供需决定库存,库存决定价格,该行认为2026年库存介于2024-2025年之间,动力煤均价800-850元/吨;考虑到焦煤下游钢铁用煤偏弱、供给端潜在增量,预计焦煤和动力煤比价...
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