<h2 class="newsinfo_title">煤炭行业周报：煤价疲软 板块估值优势显现</h2>
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		  <li>2012-1-10 12:52:25</li>    
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					  <td width="60"><b>导读：</b></td>
					  <td>煤炭行业周报：煤价疲软 板块估值优势显现</td>
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					  <td width="60"><b>关键字：</b></td>
					  <td>煤炭行业</td>
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<div class="over_x"><P>上周煤价总体平稳，华东、西南个别地区疲软。煤炭下游景气继续低迷，钢材产量继续回落。受国内外价差影响，11月份煤炭净进口迅速增长，未来欧债集中到期，美国经济复苏背景下美元走强并继续压制国际能源价格，进口煤料将继续冲击国内市场，一季度煤价不容乐观。 </P>
<P>经过前期调整，12年行业估值回落至11倍左右，已具备安全边际，维持行业“推荐”评级。但存准下调不改变实体流动性，外汇占款外流而信贷难有放松，短期行业估值提升空间不大，建议在市场情绪好转情况下逐步买入盈利增长确定及注入预期强烈的公司。</P></div>
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	<div class="pT25 t-r f14 cGray01">（责任编辑：00627）</div>
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