Zheng Quan Shi Bao·2025-11-10 08:41Group 1: Phosphate Chemical Sector - The phosphate chemical sector has seen a significant surge, with stocks like Chengxing Co. and Qingshuiyuan achieving three consecutive trading days of涨停 (limit up) [1][3] - Lithium hexafluorophosphate, a key material for electrolytes, has experienced a price increase of over 100% in the past month, reaching 124,000 yuan per ton as of November 10 [4][5] - The supply-demand situation for iron phosphate is tightening, with the domestic operating rate reaching 81.6%, up 30.1 percentage points year-on-year, and inventory decreasing to approximately 24,500 tons [6] Group 2: Coal Sector - Coal stocks have become active again, with Antai Group hitting涨停 and other companies like Xinji Energy and Zhongmei Energy also seeing gains [1][8] - The coal supply-demand balance is expected to remain tight, with both thermal coal and coking coal prices having upward elasticity due to strong demand and limited supply growth [8][9] - The coal mining industry is characterized by high asset quality and cash flow among leading companies, presenting a favorable investment opportunity [8][9]