煤炭板塊走強 山煤國際(600546.SH)拉昇封板
格隆匯7月3日丨煤炭板塊走強,山煤國際拉昇封板,潞安環能漲超6%,露天煤業、西山煤電、大同煤業等跟漲。國家能源集團煤炭經營分公司7月1日發佈緊急通知稱,由於資源緊缺,7月份暫停現貨銷售。中信證券認為,疫情對煤炭供需不對稱的衝擊已經結束,煤價4月底以來已經顯著反彈。預計下半年需求的進一步恢復對煤價形成支撐,供給在進口和超產監管的作用下也缺乏彈性,煤價邊際可繼續改善。板塊目前估值還處於長週期底部,下半年隨着預期的改善,板塊反彈概率也在增加。反彈的催化劑或來自於三個方面:市場對宏觀預期的向好修正、煤價超預期的上漲、市場估值風格再度向價值龍頭回歸。
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