Coal plate led the rise in cold air, coal prices strong or maintain to the end of the year

category:Finance
 Coal plate led the rise in cold air, coal prices strong or maintain to the end of the year


Huaxi Securities research paper pointed out that coal prices remained strong. In terms of supply, the blue sky defense war has begun, and at the same time, Shanxi and Shaanxi provinces have issued a blizzard warning. With the superposition of two factors, supply and transportation will continue to be tense. In terms of demand, a number of economic data continued the recovery process, and coal demand entered a seasonal Pro cycle. Coal prices are expected to remain strong until the end of the year.

Xinda securities research paper believes that the current coal economy is in the early stage of a new round of upward cycle, with the resonance of fundamentals, policies and companies. At this stage, the allocation of coal plate is at the right time. In the medium and long term, due to the release of new production capacity during the 13th Five Year Plan period, coal production is strictly required by legal compliance, and the supply is inelastic. At the same time, under the energy security strategy, the decline in the proportion of coal in primary energy consumption is expected to be significantly narrowed. With the gradual recovery of the economy, coal demand is expected to continue to increase, and the coal supply and demand situation is expected to become more tight next year We will continue to recommend and pay attention to the historical allocation opportunities of coal. Two main investment lines are recommended: one is Pingmei, Panjiang, Xishan and Huaibei mining, which have significant growth and benefit from the catalysis of Australian coal import; the other is Shaanxi coal industry, Yanzhou Coal Industry and China Shenhua coal industry, which have strong undervalued cash flow and high dividend power coal. Source of this article: Yang Bin, editor in charge of the first finance and Economics_ NF4368

Xinda securities research paper believes that the current coal economy is in the early stage of a new round of upward cycle, with the resonance of fundamentals, policies and companies. At this stage, the allocation of coal plate is at the right time. In the medium and long term, due to the release of new production capacity during the 13th Five Year Plan period, coal production is strictly required by legal compliance, and the supply is inelastic. At the same time, under the energy security strategy, the decline in the proportion of coal in primary energy consumption is expected to be significantly narrowed. With the gradual recovery of the economy, coal demand is expected to continue to increase, and the coal supply and demand situation is expected to become more tight next year We will continue to recommend and pay attention to the historical allocation opportunities of coal. Yanzhou Coal and huaizhou Coal Mining Co., Ltd. are the two leading stocks of China Coal Mining Co., Ltd. and Huaishan Coal Group Co., Ltd., which are the two main lines of China Coal Mining Co., Ltd. and Shenzhou Coal Power Co., Ltd., which are the main lines of the companys investment in China, Huaishan coal and coal industry.