港A兩地煤炭股走強 疫情影響逐漸下降 夏季用煤高峯即將到來
格隆匯5月25日丨港A兩地煤炭股走強,南戈壁漲超5%,首鋼資源、兗礦能源、伊泰煤炭漲超3%,易大宗、中煤能源漲超2%,金馬能源、中國神華跟漲;A股方面,安泰集團、晉控煤業、靖遠煤電、神火股份漲超3%,淮北礦業、兗礦能源、新集能源、潞安環能、冀中能源漲超2%。國泰君安證券認為,煤炭需求底部,淡季不淡,穩增長將發力,需求即將提升。1)疫情疊加傳統淡季,當前處於需求底部,4月,火電同比下降11.8%。即便在需求底部,煤價依然維持在1200 元高位。2)疫情影響逐漸下降,工業生產開啟恢復,預計逆週期調節政策將進一步發力,進一步拉動煤炭需求。


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