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焦炭期货推出后,对焦炭、焦煤价格的正面刺激带来交易性机会,更主要的是为将来煤炭期货推出奠定基础,煤炭企业估值水平有望重铸。无论从我们的煤炭港口价格模型的模拟结果,还是从各煤种的需求情况来看,煤炭价格都有望在4月中下旬迎来全面上涨。山西优混港口价格将上浮至805元以上,第二季度单季涨幅将超过5%。价格上涨是我们看好第二季度煤炭行业的最主要逻辑。
After the launch of coke futures, the positive stimulus for coke and coking coal prices will bring about trading opportunities. The more important thing is to lay the foundation for the future launch of coal futures and the valuation of coal enterprises is expected to be recast. Whether from the simulation results of our coal port price model or from the demand of each coal type, the price of coal is expected to usher in an overall increase in mid-to-late April. Shanxi excellent mixed port prices will rise to 805 yuan or more, the second quarter rose more than 5% in a single season. Price increases are the most important logic we are bullish on the coal industry in the second quarter.