煤炭板块大幅走高 大有能源、陕西黑猫等涨停

Group 1 - The coal sector experienced significant gains on the 7th, with companies like Dayou Energy, Shanxi Black Cat, and Antai Group hitting the daily limit, while Zhengzhou Coal Power rose over 8% [1] - In the futures market, both coking coal and coke main contracts reached their daily limit in the afternoon [2] Group 2 - Analysts indicate that the low temperatures in the central and eastern regions after New Year's Day will increase heating demand, combined with supply contraction and policy support expectations, suggesting that coal prices may stabilize [3] - According to Xinda Securities, the average temperature in most central and eastern regions of China is expected to drop by 1-2°C from previously high levels, which will enhance coal consumption support. The current price inversion between long-term contracts and market coal prices, along with ongoing supply constraints since July, suggests that there is no need for excessive concern over significant coal price declines. The stabilization point for coal prices is gradually approaching as demand improves or policy signals emerge [3] - The coal supply-demand balance is expected to remain tight over the next 3-5 years under the backdrop of energy inflation, with high-quality coal companies maintaining attributes of high barriers, strong cash flow, high dividends, and high yields. The recent price stabilization is likely to reshape the sector's valuation, presenting a balanced investment opportunity with high cost-effectiveness after recent corrections [3]