[morning review]
In the morning, the three major indexes rose collectively. As of the afternoon closing, the Shanghai Composite Index rose 0.94% to 295593 points; The Shenzhen Component Index rose 1.31% to 1051508; The gem index rose 1.96% to 221147. On the disk, the engineering construction, engineering consulting services, cement and building materials, beauty care and game industries were active, with textile and clothing, coal, mining, securities, insurance and other sectors leading the decline. In terms of concept, the tax-free concept, tax rebate store, unified big market, REITs and dexamethasone sectors are strong, while the concept sectors such as transgenic, Import Expo, brokerage concept, pet economy and chicken are weak. In terms of energy, as of the closing of the afternoon market, the total turnover of the two markets was 493.33 billion yuan.
[afternoon opportunity]
The notice of the national development and Reform Commission on further improving the coal market price formation mechanism will be officially implemented from May 1, 2022, which clearly sets the reasonable range of medium and long-term transaction price of coal in key areas. The reasonable range of coal price with calorific value of 5500kcal in Shanxi is 370570 yuan / ton, 320520 yuan / ton in Shaanxi and 260460 yuan / ton in Mengxi, The reasonable range of coal price with calorific value of 3500 kcal in eastern Mongolia is 200300 yuan / ton. Other coal with calorific value shall be converted according to the specific price of the calorific value.
The logic of medium and long-term value revaluation of thermal power is clear, and the performance in the first quarter improved significantly month on month. Benefiting from the increase of the performance proportion of Changxie coal and the continuous floating effect of electricity price, the profitability of thermal power enterprises began to improve continuously in 2022 (for more than one year), driving the faster recovery of operating cash flow. In addition, in 2022, the policy requires thermal power to transform 220 million KW, accounting for 17% of the installed thermal power capacity of 1.297 billion kw at the end of 2021. In the next few years, the demand for thermal power to undertake power grid peak shaving, energy storage and joint dispatching will increase significantly. The “energy storage” attribute of thermal power will be recognized by the market. It is suggested to focus on relevant tracks.
