煤炭行业周报：北方供暖即将开启，港口煤价易涨难跌

Investment Rating - The industry investment rating is "Outperform the Market" and is maintained [1] Core Viewpoints - The report highlights that with the upcoming heating season in the northern regions, port coal prices are expected to rise but may face challenges in falling [1] - The report emphasizes that despite a seasonal decline in demand, coal prices are likely to remain at a high level due to stable supply and the initiation of heating [1] Summary by Relevant Sections Market Performance - The coal price at Qinhuangdao port is reported at 855 RMB per ton, with a week-on-week increase of 1.8% and a year-on-year decrease of 12.2% [1] - The average daily coal consumption of power plants is 497 million tons, showing an increase of 4.8% year-on-year [1] Supply and Demand Analysis - The report notes that coal production has been consistently high, but recent accidents and resource continuity issues may impact future supply [1] - It is suggested to monitor the demand growth from rapidly developing economies like India, which is projected to require an additional 6-7 million tons of renewable energy capacity annually [1] Investment Recommendations - The report recommends focusing on companies such as China Shenhua, Shaanxi Coal, and Huayang Co., as well as coal machinery companies benefiting from policy support and technological upgrades [1]