传统能源行业周报：新疆年内绿电交易电量突破50亿千瓦时

Investment Rating - The report does not explicitly state an investment rating for the traditional energy industry, but it provides insights into market performance and sector dynamics [50]. Core Insights - In the third week of November 2024, various sectors such as comprehensive trade retail and textiles performed well, while social services, food and beverage, and communications lagged behind. The market indices experienced a general decline, with the Shanghai Composite Index fluctuating between 3200 and 3400 points, closing with a small bearish candlestick [2][3]. - The report indicates that market sentiment is primarily focused on AI applications and stocks with consecutive gains, suggesting a defensive stance in the coal and electricity sectors, which may perform better in the upcoming week [3][4]. Market Performance - The Shanghai Composite Index fell by 1.91%, while the CSI 300 dropped by 2.60%. The Shenwan first-level public utility equipment industry rose by 0.89%, ranking 7th out of 31 sectors, outperforming the Shanghai Composite Index by 2.80 percentage points. The Shenwan first-level coal industry increased by 2.77%, ranking 2nd out of 31 sectors, outperforming the Shanghai Composite Index by 4.68 percentage points [4][23]. - The top three stocks in the public utility sector were Dongfang Huanyu, Shui Fa Gas, and Guang'an Aizhong, with gains of 24.46%, 14.49%, and 13.32%, respectively. Conversely, the top three decliners were Xin Zhu Co., ST Lingda, and Huitian Thermal Power, with declines of -8.88%, -7.04%, and -5.47% [35][38]. Industry Dynamics - Shanxi's Xinzhou has maintained an annual coal output exceeding 100 million tons for four consecutive years, with advanced coal production capacity accounting for 96.43% [27]. - In Xinjiang, green electricity trading volume has surpassed 5 billion kilowatt-hours this year, marking a 3.6-fold increase compared to the previous year [29][31]. - As of November 22, the average weekly price of 5500 kcal thermal coal in Qinhuangdao was 726 RMB/ton, remaining stable compared to the previous week. The weekly average price of Shanxi coking coal was 1297.08 RMB/ton, down by 11.25 RMB/ton, marking a six-week consecutive decline [33][34].