山西证券:反内卷扭转煤炭市场预期 料动力煤价格26年将维持紧平衡

智通财经网
Jan 07

智通财经APP获悉,山西证券发布研报称,煤炭行业反内卷趋势未变,4季度业绩仍有改善预期,若价格长期高位运行,26年业绩仍具备修复空间。股价下跌强化红利价值,可逢低配置。展望2026年煤价,动力煤中枢预测为720元/吨左右;炼焦煤价格中枢大致分布于1440-1584元/吨。山西证券主要观点如下:反内卷扭转煤炭市场预期2025年以来,煤炭股受累于煤价下降,108号文流向市场后,煤炭股悲观预期随即得到...

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