(Original title: Plate change | Coal supply and demand pattern is still tight, coal plate continues to rise)
Zhitong Finance APP was informed that on March 21, affected by the news that the coal supply and demand pattern was still tight, the A-share coal sector continued to rise. ), Shanxi Coal International (600546.SH), Power Investment Energy (002128.SZ), China Shenhua (601088.SH), Shaanxi Coal (601225.SH) and other stocks rose.
Cinda Securities stated that it is currently in the early stage of a new round of upward cycle of the coal economy. Fundamentals, policies and companies are resonating, and it is time to allocate the coal sector at this stage. According to the cyclical characteristics of the coal industry, coal consumption has entered the off-season, but my country’s electricity consumption structure has changed, resulting in the continued rapid growth of electricity consumption in the whole society and strong demand for thermal coal; at the supply level, due to the serious investment in coal mining during the “13th Five-Year Plan” period Insufficient, superimposed coal mine resources are naturally depleted and attenuated, thermal coal production capacity is hard to find, and coking coal production is seriously insufficient; at the same time, conflicts in the external situation have led to high overseas coal prices, and the coal supply and demand pattern is still tight, in line with the previous “off-season” expectations. The agency further analyzed, continued to be bullish on the coal sector in an all-round way, and continued to suggest paying attention to the historic allocation opportunities of coal.
In addition, the China Galaxy Securities Research Report pointed out that under the background of carbon neutrality, the development of the coal industry lies in the breakthrough of advanced technology and diversified transformation. In the preparation period before the carbon peak, that is, from 2021 to 2030, coal and coal-fired power are still positioned as basic energy sources, and even before 2050, coal is still an important energy source. From 2030 to 2050, new energy and coal are in a competitive and cooperative relationship. Coal cooperates with new energy development, and coal power gives way to new energy power generation. Before 2050, there are still 30 years left, and the coal field may achieve subversive technological breakthroughs and promote the transformation and development of coal utilization. The development of carbon removal and carbon trading may also win more development space for coal. There is time to promote the development of relevant innovative technologies and the application of carbon sinks to win more possible opportunities for the transformation of the coal industry.