告别暴涨暴跌？2026年动力煤价预测出炉：稳在700-900元区间

Group 1 - The core viewpoint of the articles highlights the fluctuations in thermal coal prices during the heating season, with prices for different grades of coal showing a decline, indicating a natural volatility linked to weather and electricity demand [1][2][4] - The coal market is expected to reach a basic balance between supply and demand by 2026, with thermal coal prices projected to stabilize between 700 to 900 yuan per ton, influenced by seasonal demand fluctuations [1][4] - The "anti-involution" measures implemented by the government have successfully curbed excessive competition and brought coal prices back to a reasonable range, ensuring the stable and healthy development of the industry [2][3] Group 2 - Current coal prices are seen as more reflective of actual supply and demand dynamics, following a significant drop that has eliminated previous inflated prices, which is beneficial for the long-term health of the coal industry [4] - The coal production in major regions has shown a trend of negative growth, indicating effective constraints on production capacity, which has alleviated previous supply pressures [4][6] - The profitability of coal enterprises has become increasingly polarized, with large companies maintaining stable profits due to lower costs and integrated operations, while smaller firms face losses [6] Group 3 - The government has developed more mature and refined regulatory measures for coal prices, which have been effective in stabilizing market expectations and preventing drastic price fluctuations [5][6] - Companies are encouraged to adopt proactive planning and compliance with safety regulations, while also exploring differentiation and market niches to enhance competitiveness [6] - The need for improved mechanisms to manage the impact of imported coal on the domestic market and to flexibly adjust coal production capacity based on demand fluctuations is emphasized [6]