最近一周，在多重短期扰动因素叠加下，国际动力煤价格已显著上行。洲际交易所（ICE）澳大利亚纽 卡斯尔港动力煤期货价格一度攀升至一年来的新高。截至2月2日，印尼4000大卡动力煤华南到岸价报 472元/吨，周环比上涨12元/吨。 印尼矿业协会则警告称，这些削减措施可能会使部分煤矿面临停产，从而使本已陷入困境的煤炭行业面 临更严峻的挑战。 然而，市场普遍认为，如此大规模的官方减产目标难以完全兑现。格林大华期货认为，参考过去几年， 印尼官方对煤炭产量预估与实际原煤产量差距较大。例如2022年至2025年，官方预估的产量分别为6.63 亿吨、6.95亿吨、7.1亿吨、7.35亿吨，均低于当年的实际产量。因此，印尼煤炭最终是否减量，还要看 实际产量。 印尼是全球最大煤炭出口国，根据印尼能源与矿产资源部数据，2024年印尼煤炭产量达8.36亿吨，出口 5.55亿吨，约占全球煤炭贸易量的33%-35%。该国产量削减将直接减少全球市场流通量，进而推动国际 煤价中枢上移。 2月4日早盘，煤炭板块集体走强，截至午间收盘，煤炭指数涨6.82%、央企煤炭指数涨6.23%、煤炭开 采指数涨5.93%。 个股方面，兖矿能源（600188 ...

煤炭股午后持续走高，截至发稿，兖煤澳大利亚（03668）上涨9.52%，报34.50港元；兖矿能源 （01171）上涨9.33%，报12.30港元；中煤能源（01898）上涨8.20%，报11.87港元；力量发展 （01277）上涨5.14%，报1.84港元；中国神华（01088）上涨6.11%，报43.08港元。 责任编辑：卢昱君 客户端 热点栏目 自选股 数据中心 行情中心 资金流向 模拟交易 客户端 责任编辑：卢昱君 热点栏目 自选股 数据中心 行情中心 资金流向 模拟交易 煤炭股午后持续走高，截至发稿，兖煤澳大利亚（03668）上涨9.52%，报34.50港元；兖矿能源 （01171）上涨9.33%，报12.30港元；中煤能源（01898）上涨8.20%，报11.87港元；力量发展 （01277）上涨5.14%，报1.84港元；中国神华（01088）上涨6.11%，报43.08港元。 ...

早盘，煤炭股爆发，板块内多股涨停。截至午间收盘，兖矿能源、中煤能源、陕西黑猫、美锦能源、晋控煤业、云煤能源等涨停。 2月4日早盘，A股震荡回落。截至午间收盘，上证指数微跌，报4067.67点；深证成指跌0.92%，创业板指跌1.74%，科创综指跌2.06%。沪深北三市半日成 交16297亿元，中际旭创成交额达216.96亿元，位居A股第一。 | < V | 煤炭(申万) | | E | O | | --- | --- | --- | --- | --- | | | 2988.85 6.32% | | | | | 分时 王日 | 日 K | 周Ｋ 月Ｋ | | 更多,◎ | | 资讯 | 成份股 | | 童要指数 | | | 名称 | 最新 | 涨幅 ↓ | | 涨跌 | | 究矿能源 | 15.27 | 10.01% | | 1.39 | | 600188 | | | | | | 陕西黑猫 | 4.62 | 10.00% | | 0.42 | | 601015 | | | | | | 美锦能源 | 5.17 | 10.00% | | 0.47 | | 000723 | | | | | | 中煤能源 | 14. ...

港股午间收盘，恒生指数跌0.41%，国企指数下跌0.54%，恒生科技指数跌2.20%。 煤炭股涨幅居前，兖矿能源涨近9%，中煤能源涨近8%，中国神华涨逾5%。 南向资金方面，南向资金半日净买入额超50亿港元，其中沪股通净买入41.09亿港元，深股通净买入11.13亿港元。 （文章来源：21世纪经济报道） 氢能源概念持续活跃，国富氢能涨超23%，京城机电股份涨超11%。 内房股集体走高，融创中国涨超7%，华润置地、越秀地产、世茂集团、碧桂园、万科企业涨超3%。 科网股集体低迷，哔哩哔哩跌近5%，腾讯控股跌逾3%，百度集团跌2.55%。 芯片股走低，上海复旦跌近9%，兆易创新跌6%，华虹半导体跌逾5%，中芯国际跌近3%。 ...

2月4日，A股市场早盘震荡回落，沪指翻绿，创业板指盘中跌超2%。沪深两市半日成交额1.63万亿，较上个交易日放量127亿，全市场超2900只个股下 跌。 消息面上，据券商中国援引其他媒体报道，印尼政府提出大幅减产计划，该国矿商已暂停现货煤炭出口。资料显示，中国是印尼最大进口国（2024年进口 2.42亿吨，占其出口量42.73%），暂停出口将影响中国动力（600482）煤供应的5.3%，加剧东南沿海电厂库存压力。与此同时，国内也有关于煤炭价格上 涨的消息传来。 贵金属板块开盘全线反弹后重挫翻绿，随后呈低位震荡走势。紫金矿业（601899）、湖南黄金（002155）、白银有色（601212）等多只贵金属概念股亦由 涨转跌。 国投白银LOF今日复牌再度跌停，报3.825元，最新溢价率为64.6%。 消息面上，在经历了1月30日、2月2日两个交易日的暴跌之后，现货黄金价格连续第二天反弹，重新站上5000美元大关，现货白银也一度涨至88美元/盎 司。 具体板块来看，太空光伏概念走势强劲，中来股份（300393）20cm涨停，国晟科技（603778）2连板。机场航运概念走强，中国东航（600115）、华夏航 空（002 ...

Core Viewpoint - The A-share market showed a mixed performance this morning, with most major indices declining, while the coal sector experienced significant gains, leading to a surge in stock prices within that sector [1][4]. Group 1: Market Performance - The A-share market exhibited a divergence in performance, with major indices mostly declining; the ChiNext Index fell by 1.74% and the Sci-Tech 50 Index dropped by 2.44% [4]. - The coal sector stood out with a remarkable increase, with the sector's index rising over 6% during the session, marking it as a key highlight of the morning [2][4]. Group 2: Individual Stock Performance - Several coal stocks hit the daily limit up, including Yanzhou Coal Mining (兖矿能源) with a price of 15.27, up 10.01%, Meijin Energy (美锦能源) at 5.17, also up 10.00%, and Shaanxi Black Cat (陕西黑猫) at 4.62, up 10.00% [5]. - Other notable gainers included China Shenhua (中国神华) at 42.04, up 6.16%, and Shanxi Coking Coal (山西焦煤) at 7.17, up 7.17% [5]. Group 3: Market Drivers - The recent surge in energy demand due to cold weather and snowstorms has prompted local governments to enhance energy supply measures, ensuring stable coal production and supply, as well as increased natural gas storage and production [6].

Market Overview - On February 4, the A-share market experienced a decline, with the Shanghai Composite Index turning negative and the ChiNext Index dropping over 2%. The total trading volume in the Shanghai and Shenzhen markets reached 1.63 trillion yuan, an increase of 12.7 billion yuan compared to the previous trading day, with over 2900 stocks declining [1]. Sector Performance - The space photovoltaic concept showed strong performance, with Zhonglai Co. hitting the daily limit and Guosheng Technology achieving two consecutive limits. The airport and shipping sectors also performed well, with China Eastern Airlines and Huaxia Airlines reaching their daily limits. The real estate sector was active, with Rong'an Real Estate and Caixin Development hitting their daily limits. The hydrogen energy concept surged, with Jingcheng Co. and Zhiyuan New Energy reaching their daily limits [4]. - The coal sector experienced a significant surge, with major coal companies like Yanzhou Coal Mining and China Coal Energy both hitting their daily limits. Other stocks such as Shaanxi Black Cat and Meijin Energy also reached their daily limits, while Shaanxi Coal and Chemical, Shanxi Coal International, Xinji Energy, and China Shenhua followed suit [4]. Coal Supply Impact - Reports indicate that the Indonesian government has proposed a significant production cut, leading to a suspension of spot coal exports by local miners. China is the largest importer of Indonesian coal, with an expected import of 242 million tons in 2024, accounting for 42.73% of Indonesia's total exports. This suspension is projected to impact China's thermal coal supply by 5.3%, increasing inventory pressure on power plants in Southeast China. Additionally, there are reports of rising coal prices domestically [6]. Precious Metals Market - The precious metals sector opened with a rebound but later turned negative, with companies like Zijin Mining and Hunan Gold experiencing declines. The National Investment Silver LOF resumed trading and hit the daily limit down, with a latest premium rate of 64.6%. After significant drops on January 30 and February 2, spot gold prices rebounded to over $5000, while spot silver reached $88 per ounce [7]. - Market sentiment remains volatile, with speculative funds showing significant movement. The geopolitical uncertainty surrounding US-Iran negotiations continues to pose risks. Overall, the precious metals market is influenced heavily by market emotions, with short-term volatility risks to be monitored, while long-term trends remain optimistic [7]. Individual Stock Highlights - Guizhou Moutai's stock rose over 2%, reaching a price above 1500 yuan for the first time since September 15, 2025 [8]. Hong Kong Market - The Hang Seng Technology Index fell over 2%, with many tech stocks in Hong Kong experiencing declines. Notable drops included Bilibili down over 4%, Tencent Holdings down over 3%, and other companies like Baidu, Lenovo, NetEase, Meituan, and Xiaomi all falling over 2% [9]. Cryptocurrency Market - The cryptocurrency market saw a collective downturn, with Bitcoin experiencing a high-level correction of nearly 40% [10].

每经编辑｜段炼 2月4日，A股早盘震荡调整。截至中午休市，沪指报4067.67点，基本平收；深证成指报13997.72点，跌0.92%；创指报3266.99点，跌1.74%。全市超2300 股上涨，近3000股下跌。 煤炭股强势爆发，兖矿能源、中煤能源、陕西黑猫、晋控煤业等多股涨停；地产板块走强，荣安地产、京投发展、财信发展涨停；航空股"起飞"，东航涨 停，国航、南航等大涨。 | 新闻 | 大V 成分 | 资金 | 研报 | | | --- | --- | --- | --- | --- | | √ 含新股次新股 | | 最新 | 涨幅 | 5分钟涨速 | | 究矿能源 | | | | | | SH600188 | | 15.27 | +10.01% | 0.00% | | 业绩龙头 4 市值龙头 4 | | | | | | 美锦能源 | | 5.17 | +10.00% | 0.00% | | SZ000723 | | | | | | 中煤能源 SH601898 | | 14.08 | +10.00% | 0.00% | | 业绩龙头 2 市值龙头 3 | | | | | | 陕西黑猫 | | 4.62 | ...

Market Overview - A-shares experienced fluctuations on February 4, with the Shanghai Composite Index closing flat at 4067.67 points and a trading volume of 683.1 billion yuan [1] - The Shenzhen Component Index fell by 0.92% to 13997.72 points, with a trading volume of 932.6 billion yuan [1] - The ChiNext Index dropped by 1.74% to 3266.99 points, with a trading volume of 444.4 billion yuan [1] Sector Performance - The coal sector saw significant gains, with companies like Yanzhou Coal Mining and China Coal Energy hitting the daily limit [1] - The airport and shipping sectors strengthened, with China Eastern Airlines and Huaxia Airlines also reaching the daily limit [1] - The real estate sector was active, with Rong'an Real Estate and Caixin Development hitting the daily limit [1] - Conversely, AI application stocks declined, with companies like Zhidema and Yinsai Group dropping over 10% [1] - Computing power concept stocks fell, with Dawi Technology hitting the limit down and Hongjing Technology dropping nearly 15% [1] Institutional Insights - CITIC Securities noted that the electronic components industry has been experiencing a price increase since Q4 2025, with recent price hikes in areas like low-voltage MOSFETs and LED drivers [3] - The firm recommends focusing on sectors benefiting from this price trend, including storage, CCL, BT substrates, and wafer foundries [3] - Galaxy Securities highlighted a high demand for travel during the 2026 Spring Festival, benefiting OTA platforms and the duty-free industry due to increased tourism [4] Policy Developments - Zhejiang Province plans to strategically develop future industries such as humanoid robots, biomanufacturing, and commercial aviation as part of its high-quality development plan [5]

Market Overview - The A-share market experienced a volatile decline, with the Shanghai Composite Index turning negative and the ChiNext Index dropping over 2% during the session [1] - The total trading volume in the Shanghai and Shenzhen markets reached 1.62 trillion yuan, an increase of 116 billion yuan compared to the previous trading day [1] Sector Performance - The space photovoltaic concept saw a significant surge, with Zhonglai Co. hitting the daily limit up of 20% and Guosheng Technology achieving two consecutive limit-ups [3] - The coal sector rebounded collectively, with Yanzhou Coal, China Coal Energy, and Shanxi Black Cat all reaching the daily limit up [3] - The airport and shipping sectors strengthened, with China Eastern Airlines and Huaxia Airlines also hitting the daily limit up [3] - The real estate sector was active, with Rong'an Real Estate and Caixin Development reaching the daily limit up [3] - The hydrogen energy concept experienced a rapid rise, with Beijing Capital and Zhiyuan New Energy hitting the daily limit up [3] Declining Sectors - The precious metals sector opened high but fell back, with Zhaojin Mining and Sichuan Gold experiencing significant declines [3] - The AI application sector saw a collective downturn, with Yili Media hitting the daily limit down [3] Closing Summary - By the end of the trading session, the Shenzhen Component Index fell by 0.92%, and the ChiNext Index dropped by 1.74% [3]