2016年接近尾声,煤炭行业在供给侧改革元年表现不俗,在淘汰产能、控制产量、转岗人员安置、多元化经营等方面都取得了亮眼成绩。尤其是随着去产能工作的逐步深入,煤炭市场在下半年表现出了近年少有的强势反弹,以至于监管层不得不出台了带有修正性的新政,以抑制煤价的反弹。不过,笔者对煤炭的后市行情并不乐观,理由是价格回升后煤炭的去产能工作将会出现新的阻力,尤其是地方煤矿的复产热情甚至中小煤矿的私 Towards the end of 2016, the coal industry performed well in the first year of supply-side reform and made brilliant achievements in eliminating production capacity, controlling output, relocating staff and diversifying operations. In particular, with the gradual deepening of the capacity-to-capacity work, the coal market showed a rare rebound in recent years in recent years, so regulators had to introduce a revised Deal to restrain the rebound in coal prices. However, the author of the market outlook for coal is not optimistic on the grounds that the price rebound in coal production capacity to work will be a new resistance, especially the enthusiasm of the local coal mines and even the small coal mines private