煤炭周报：高温来袭火电需求释放提速看好煤价反弹

民生证券2025-07-05

高温来袭，火电需求释放提速，看好煤价反弹。基本面来看，1）供给端：持续低煤价对产量和进口形成负反馈，2025 年4 月以来，国内原煤日均产量稳定在1300 万吨左右，相较24H2 的1348 万吨减量明显，分别以2025 年1-5月和24H2 年化产量估计（24H1 山西查超产导致省内及全国原煤产量大幅下滑，不做参考），2025 年国内原煤同比减量约1.95 亿吨，以2025 年1-5 月年化...

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煤炭周报：高温来袭 火电需求释放提速 看好煤价反弹

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煤炭周报：高温来袭火电需求释放提速看好煤价反弹