中信建投：动力煤供需利好叠加 产地煤价预计延续上涨

Core Viewpoint - The report from CITIC Securities indicates that the supply and demand dynamics for thermal coal are favorable, leading to an expected continued rise in coal prices at production sites [1] Group 1: Supply Factors - Recent rainfall and maintenance on the Daqin Railway have restricted coal production and transportation in major production areas, resulting in a slight tightening of coal supply [1] Group 2: Demand Factors - As northern regions enter the heating season, the demand from non-electric industries such as chemicals and metallurgy is gradually increasing due to the arrival of peak season, leading to heightened market activity and bullish sentiment [1] - The overall coal prices at production sites are expected to remain strong due to the increased purchasing demand from downstream sectors [1]