动力煤:供给方面,全国各省市复工进度达到往年同期水平,本周港口库存继续回升,达历年平均水平;需求方面,受疫情影响,电厂日耗低于往年平均水平,需求反弹缓慢,预计恢复正常日耗水平仍需要时间。总体来看,动力煤保持供给保持宽松,本周动力煤港口价格下跌而坑口价格不涨,总体维持稳定运行,后续需关注下游复工情况。焦煤:供给方面,复工恢复正常,但蒙煤进口推迟至 3 月 15 日恢复正常,供给端仍略微承压,焦煤价格上涨;需求方面,焦化厂开工率同时上升,需求开始回暖。总体来看,本周焦煤需求转强,煤价强势运行,后期需关注下游复工情况。焦炭:焦化厂开工率提升,供给略增加;需求方面,钢厂高炉开工率持续低位,需求弱稳。总体看来,焦炭需求依旧低位稳定,后续需关注钢厂及下游复工情况。
(来源:天风证券 作者:彭鑫)
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