欢迎加入交易理想国知识星球 编辑 | 杨兰 审核 | 浦电路交易员 行情走势 01 2月4日 ， 焦煤期货主力合约震荡走强，盘中一度涨超5%，截止收盘，焦煤主力合约收涨3.60%，收报1209元/吨。 消息面上，据多家行业媒体报道， 印尼矿业官员周二表示，由于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。印尼上月 向主要矿商下达的产量配额比2025年水平降低40%至70%，作为该国提振煤价计划的一部分。 针对印尼RKAB煤炭生产额度审批的最新情况调研，近期印尼煤炭RKAB（印度尼西亚政府对矿产和煤炭开采业务活动实施的工作计划与 预算报告制度，由能源与矿产资源部（ESDM）负责管理，矿业公司必须编制并提交该文件以获得生产批准，从2026年开始审批周期由3 年恢复至1年）审批引发讨论，由于煤矿提交的生产计划与政府批示的结果差距较大，引发市场对印尼煤炭供给减量的担忧。 据首次批示结果来看：其中7家煤矿审批额度与提交额度一致，约2.22亿吨，31家煤矿审批额度减量，提交计划总量为2.55亿吨，实际审 批1.19亿吨，下降53.3%，另4家正在审批中；以上已审批煤炭生产额度为3.41亿吨。部分矿商为此暂停煤炭出 ...

Industry Overview - The aviation industry is currently facing a strong demand for air travel, which grew by 10.4% last year and is projected to continue growing at an annual rate of 4.2% through 2030 [2] - There is a significant shortage of new aircraft to meet this rising demand, with a global backlog of over 17,000 aircraft due to supply chain disruptions caused by the pandemic [3] Impact on Airlines - Airlines are expected to struggle with finding enough new aircraft to meet demand, leading to higher maintenance and leasing costs [4] - Supply chain issues are projected to cost airlines more than $11 billion this year according to the International Air Transport Association [4] Opportunities for Suppliers - The supply-demand mismatch is anticipated to benefit aircraft leasing companies, maintenance and repair companies, and manufacturers of planes, engines, and parts [5] - The iShares US Aerospace & Defense ETF (NYSEMKT: ITA) has seen a significant increase of 48% in 2025, outperforming the S&P 500 index, and is expected to continue rising as aviation industry challenges persist [5][6] ETF Holdings - The ITA ETF tracks the Dow Jones U.S. Select Aerospace & Defense Index and includes major holdings such as GE Aerospace (21.2%), RTX (16%), Boeing (8%), Lockheed Martin (4.5%), L3Harris Technologies (4.5%), and General Dynamics (4.4%) [6][7]