年初以来疫情对行业供需造成不对称冲击，造成3～4 月份的煤价大跌，但5 月以来随着复工强度的提升和水电同比出力减弱，煤炭需求和价格超预期回暖。虽然二季度均价创下了2016 年四季度以来的新低，但板块估值处于历史最底部，已经充分反映了低煤价和中报业绩预期。未来随着需求预期改善，预计板块反弹的概率在增加。

The global wheat seeds market (henceforth, referred to as the market studied) was valued at USD 2,731.0 million in 2019, and it is projected to reach USD 3,571.1 million by 2025, at a projected CAGR of 4.6% during the forecast period, 2016-2025. Wheat is a major part of the diet of the consumers across all the regions, and the demand for the same is increasing, owing to the rise in the population and the increase in the wheat-based manufactured products, such as breakfast cereals and pastries. Thus, this is expected to drive the global wheat seeds market during the forecast period. Moreover, wheat serves as an important part in agricultural feedstock for animals and is majorly used in making biofuels, which may be replacing fossil fuels in the years to come. Thus, good quality wheat seeds are demanded by the farmers to serve the factors mentioned above. In 2018, the US Wheat Associates stated that over the past ten years, the global human wheat consumption has increased 90 MMT, while feed wheat usage has increased 16 MMT, which indicates a growing need for wheat seeds