?!DOCTYPE html PUBLIC "-//W3C//DTD XHTML 1.0 Transitional//EN" "http://www.w3.org/TR/xhtml1/DTD/xhtml1-transitional.dtd"> 利好出台 煤炭股点燃冬天里的一把火-煤炭资讯|?/TITLE><LINK href="/css/wh.css" type=text/css rel=stylesheet> <META http-equiv=Content-Type content="text/html; charset=gb2312"> <META content=煤炭|?name=Author> <META content="Copyright 2004-2005 煤炭资讯|所? name=Copyright> <META content="煤矿,煤矿|?煤炭|?清R?光电(sh)型全自动矿用清R?二手讑֤,煤炭供求,煤矿机电(sh)讑֤,煤矿新闻,煤矿人才,煤业技?校友?煤h(hun)旬报,技术论?襉K煤炭|?国际能源|?全球能源|?世界能源|?国家能源|?国际煤炭|?国际?sh)力|?国际xa(b)|?国际天然气网,国际新能源网,国际能源投融资网,能源U技,能源人物,能源要闻,能源安全,能源情报,能源危机,能源?jng)?能源企业,能源黄页,能源l计,能源专家,能源|聚世界能源资讯,服务全球能源企业" name=keywords> <META content="煤炭资讯|? name=description> <meta http-equiv="Cache-Control" content="no-transform" /> <meta http-equiv="Cache-Control" content="no-siteapp" /> <script>var V_PATH="/";window.onerror=function(){ return true; };</script> </head> <body> <h1><a href="http://ducatiukracing.com/">免费人成年激情视频在线观看,国产精品,精品一级影院在线播放,真实强奷在线中文</a></h1> <div 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width=382>2006-1-5 13:15:09    <A href="http://ducatiukracing.com/MroeNews.aspx">煤市(jng)分析</A></TD></TR> <TR> <TD colSpan=2 class="newsContent"> <!DOCTYPE HTML PUBLIC "-//W3C//DTD HTML 4.0 Transitional//EN" > <HTML> <HEAD> <meta http-equiv=Content-Type content="text/html;charset=gb2312" /> <title>利好出台 煤炭股点燃冬天里的一把火

利好出台 煤炭股点燃冬天里的一把火


06--1--5

    日前Q煤炭h(hun)格市(jng)场化攚w又向前迈q了(jin)一大步。发改委取消?SPAN lang=EN-US>2004q底出台的电(sh)煤h(hun)格干预措施,改由煤电(sh)双方自主定交易hQ由此各Ҏ(gu)盼已久的煤h(hun)?jng)场化有望实现。受此消息媄(jing)响,昨日两市(jng)煤炭股均有一定程度的z跃Q其中恒源煤c(din)上源?SPAN lang=EN-US>G西煤{涨q居前?/FONT>
   
煤h(hun)?jng)场化趋?/FONT>
   
之前业内分析普遍认ؓ(f)Q煤炭h(hun)格市(jng)场化是一个必然的势。据(zhn),我国的煤炭h(hun)D1992q放开以来一直实行双轨制Q电(sh)煤市(jng)Z直处?SPAN lang=EN-US>?/SPAN>计划?SPAN lang=EN-US>?/SPAN>?SPAN lang=EN-US>?/SPAN>?jng)场?SPAN lang=EN-US>?/SPAN>的双重h(hun)gpM下。从最q几q的h走势看,两者的差距也越来越大。根据中国煤炭运销协会(x)的数据,今年1Q?SPAN lang=EN-US>9月,原中央胦(ch)政煤炭企业电(sh)煤^均售h商品煤^均售价低55.99?SPAN lang=EN-US>/吨,且计划煤的需求越来越大?SPAN lang=EN-US>2005q度Q中国重点煤炭q需衔接?x)共{订煤炭订货合同?SPAN lang=EN-US>9.14亿吨Q重点合同量6.18亿吨。在重点合同中,h受到制?SPAN lang=EN-US>?/SPAN>计划?SPAN lang=EN-US>?/SPAN>?SPAN lang=EN-US>4.22亿吨Q比上年增加1.29亿吨Q增qؓ(f)44.45Q,q远过整个煤炭产量的增q,占到2005q电(sh)煤消费的40Q左叻I煤炭行业Ҏ(gu)抱怨不巌Ӏ?/FONT>
   
两大公司受益最?/FONT>
   
煤炭h?jng)场化主要是攑ּ有运力保证的重点늅合同中的hQ尽国内大部分煤炭上市(jng)公司都有动力煤,但不是所有的公司都会(x)在煤炭h(hun)格市(jng)场化的过E中L(fng)?/FONT>
   
通证券研I所的韩振国指出Q随着煤炭h?jng)场化渐行渐q,兖州煤业Q?SPAN lang=EN-US>600188Q?SPAN lang=EN-US>G国阳Q?SPAN lang=EN-US>600348Q从中获益最大。如果假?SPAN lang=EN-US>2006q计划煤向市(jng)场煤靠近后上?SPAN lang=EN-US>20元,假定所得税率ؓ(f)33Q,采用上市(jng)公司2005q的늅合同数量Q通过分析煤炭?jng)场化对上?jng)公司的媄(jing)响,从中可以看出Q兖州煤业和G国阳늅合同数量在各自公司的煤炭销售中占比都超q?SPAN lang=EN-US>20Q,因此Q煤炭市(jng)场化后,q两个公司获益最大。而有的煤炭h(hun)格已l市(jng)场化的公司,比如兰花U创以及(qing)火股䆾{,基本上不受到影响?/FONT>
   
煤炭行业前紧后松

   
除了(jin)煤h(hun)?jng)场化带来的冲击外,明年煤h(hun)的整体走势也直接媄(jing)响到相关上市(jng)公司的收益?/FONT>
   
中信建投的研I报告指出,预计明年我国煤炭h应该波动不大Q但是煤炭供需qq是非常脆弱的,有一pd不确定因素:(x)一是在建煤矿的规模和投产速度Q二是小煤矿的关停整力度;三是明年气候状况以?qing)水力发电(sh)量的增ѝ?/FONT>
   
该机构同时认为,明年煤炭行业可能呈现前紧后松的格局Q因此该行业更多的是阶段性的投资Z(x)Q需要把握投资的时机和节奏。明q上半年受到煤炭安全ȝ{因素的影响Q煤炭供求仍然会(x)相对紧张Qh(hun)格可能仍?x)相对小q反弹;而到?jin)下半年Q煤矿安全秩序好转,煤矿生逐步恢复生Q?SPAN lang=EN-US>2003q以来煤矿投资逐步见效Q因此煤矿供l会(x)有显著增加,煤炭h可能出现一定回落,需要注意投资风险?

    来源Q新L?/FONT>

    中国襉K煤炭|?nbsp; ?nbsp; ?/FONT>

 



     ~?辑:(x)q帆


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