Benefited from the coal supply side reform, coal prices continued to rise earlier, the 29 day driving coal prices in the high innovation, this month the coal has risen 13%. At the same time, coal enterprises have greatly increased the performance of the 2017 performance forecast of coal enterprises have exceeded 80% prejoice.

Industry analysts say the downstream demand is strong and the heavy snow day traffic is affected, prompting the coal price to go up. Data show that power coal futures prices in 29 days after the listing of records, the maximum of up to 679.8 yuan / ton, the cumulative increase of this month has reached 13%.
On the spot market, Qinhuangdao port 5500 big card power coal prices also continued to climb, traders have been quoted by nearly 760 yuan / ton, a new high of two years.
There is an analysis that the current coal market is experiencing the longest wave of price fluctuations for a year, and the rise has not been over. It is expected that the price of power coal will be stronger before February, and after February, it is expected that the price of coal will gradually come to the top in the short term, and it is likely to start a callback before the Spring Festival.
With the rise in coal prices, the net profit of coal enterprises has also increased. Wind data show that as of yesterday, 29 coal companies released 2017 performance forecasts, of which only 3 were pre cut, 2 companies were not sure, the other 24 companies were all pleased, and 12 companies expected to grow more than 100%.
Among them, the maximum rate of yejiyuzeng Hengyuan coal, an increase of 3036.38%. The company said that it benefited from the positive influence of the structural reform of the supply side of the coal industry, and the coal price rose substantially compared with the same period last year, making the net profit rise sharply year by year. In addition, Pan River shares, Jizhong energy, Shaanxi coal and other performance growth is expected to exceed 200%.
Since this year, there have been a number of securities dealers published research reports, optimistic about the investment opportunities for the coal plate. For example, the analysis of GF Securities believes that the valuation of the coal sector is still at a relatively low level. It is expected that the price of coal will steadily increase in 2018. And with the gradual decline of the asset liability ratio and the historical burden, the profit growth of coal enterprises will be stronger.
China and Thailand securities also said that the coal sector experienced a previous full callback, with a strong margin of safety, environmental protection, limited production to the spring stack to exit the expected annual market and is expected to plate catalysis, there will be a wave of good market rebound.