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在供给宽松、需求平稳的情况下,短期煤炭供过于求局面难以改变。一季度,煤炭销售量价齐跌,进入二季度后,在大秦铁路及部分火电机组检修的情况下,煤炭现货价格企稳,期价超跌反弹。5月,大秦铁路检修结束,港口库存如期反弹,煤价将承压下行。(1)产销量、价格均跌。一季度,中国煤炭市场景气指数持续下滑,目前已处于-30以下的过冷区间。全国煤炭产销量继续下降,行业经济效益大幅下滑。一季度全国煤炭产量8.5亿t,同比下降0.1%;全国煤炭销
In the loose supply, demand is stable, short-term oversupply of coal is difficult to change the situation. In the first quarter, the sales volume of coal dropped in price. After entering the second quarter, spot prices of coal stabilized and the price surged after the Daqin Railway and some thermal power units were overhauled. May, Daqin Railway overhaul, port stocks on schedule rebounded, coal prices will be downward pressure. (1) production and sales volume, prices are down. In the first quarter, China’s coal market sentiment index continued to decline, is currently below the -30 below the cold area. The national coal production and sales continued to decline, the economic efficiency of the industry dropped significantly. In the first quarter, the output of coal in the country was 850 million tons, down 0.1% year-on-year; the national coal sales