煤炭开采行业跟踪周报港口煤价坚挺，预计后续维持震荡走势

Investment Rating - The industry investment rating is maintained at "Accumulate" [1] Core Insights - The port coal price remains strong, with a current spot price of 751 RMB/ton, reflecting a week-on-week increase of 29 RMB/ton [1] - Supply side shows an increase in daily average inflow to the four ports in the Bohai Rim, reaching 1.749 million tons, a week-on-week increase of 364,000 tons, or 26.28% [1] - Demand side indicates a daily average outflow of 1.6735 million tons, up by 231,300 tons, or 16.03% week-on-week, with an increase in the number of anchored vessels [1] - Despite the increase in inventory to 23.968 million tons, the market is expected to maintain a volatile price trend due to weak demand from downstream industrial power plants [1] Summary by Sections 1. Market Review - The Shanghai Composite Index closed at 4,162.88 points, up 1.98% week-on-week, while the coal sector index rose by 5.92% to 3,179.62 points [10] 2. Price Trends - Port coal prices increased, with the Qinhuangdao port price for 5500 kcal coal rising by 29 RMB/ton to 751 RMB/ton [16] - The price of 5500 kcal coal in Datong rose by 37 RMB/ton to 644 RMB/ton, while prices in other regions showed mixed trends [16] 3. Inventory and Shipping - The average daily inflow to the Bohai Rim ports increased, while the outflow also rose, indicating a dynamic market [29] - The average shipping cost for domestic routes increased by 3 RMB/ton, reaching 29.78 RMB/ton, a rise of 11% [35] 4. Recommendations - The report suggests focusing on resource stocks, particularly recommending companies like Haohua Energy and Guanghui Energy as elastic targets due to their low valuations [2][38]