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圖16中國主流港口煤炭庫存量（萬噸）-行業數據

圖16中國主流港口煤炭庫存量（萬噸）
圖16中國主流港口煤炭庫存量（萬噸）
從全年來看，隨著煤炭增產穩產疊加進口補充，煤炭供應端有望實現平穩增長，隨著新能源裝機持續增長，綠電對煤電等傳統電源替代將進一步增強。我們預計今年煤炭供需整體偏寬松態勢有望延續，預計 2025 全年煤價中樞整體有望進一步下移，推動火電企業燃料成本下行，盈利得到持續修復。
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圖16中國主流港口煤炭庫存量（萬噸）_第1頁
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圖16中國主流港口煤炭庫存量（萬噸）_第2頁
圖16中國主流港口煤炭庫存量（萬噸）_第3頁
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圖16中國主流港口煤炭庫存量（萬噸）_第4頁
圖16中國主流港口煤炭庫存量（萬噸）_第5頁
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圖16中國主流港口煤炭庫存量（萬噸）_第6頁
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圖16中國主流港口煤炭庫存量（萬噸）_第7頁
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圖16中國主流港口煤炭庫存量（萬噸）_第8頁
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圖16中國主流港口煤炭庫存量（萬噸）_第9頁
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圖16中國主流港口煤炭庫存量（萬噸）_第10頁
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圖16中國主流港口煤炭庫存量（萬噸）_第11頁
圖16中國主流港口煤炭庫存量（萬噸）_第12頁
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圖16中國主流港口煤炭庫存量（萬噸）_第16頁
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圖16中國主流港口煤炭庫存量（萬噸）_第17頁
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圖16中國主流港口煤炭庫存量（萬噸）_第18頁
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圖16中國主流港口煤炭庫存量（萬噸）_第19頁
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圖16中國主流港口煤炭庫存量（萬噸）_第27頁
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圖16中國主流港口煤炭庫存量（萬噸）_第28頁
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圖16中國主流港口煤炭庫存量（萬噸）_第29頁
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圖16中國主流港口煤炭庫存量（萬噸）_第32頁
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圖16中國主流港口煤炭庫存量（萬噸）_第33頁
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圖16中國主流港口煤炭庫存量（萬噸）_第34頁
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圖16中國主流港口煤炭庫存量（萬噸）_第35頁
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圖16中國主流港口煤炭庫存量（萬噸）_第36頁
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圖16中國主流港口煤炭庫存量（萬噸）_第47頁
所屬報告： 華能國際-公司研究報告-看好煤價下跌支撐度電盈利-250416（30頁）.pdf
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