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Coal Industrial Concept stocks are generally declining, China Coal Energy (01898) fell by 5.64%. Institutions indicate that at the current time, the high inventory of Thermal Coal still puts pressure on coal prices.
Jinwu Financial News | Coal Industrial Concept(coal Industry) sees widespread decline, SOUTHGOBI (01878) down 8.5%, HIDILI INDUSTRY (01393) down 7.58%, CHINA QINFA (00866) down 5.93%, China Coal Energy (01898) down 5.64%, China Shenhua Energy (01088) down 3.77%, MONGOL MINING (00975) down 3.66%, SHOUGANG RES (00639) down 3.15%, YANKUANG ENERGY (01171) down 2.91%, YANCOAL AUS (03668) down 2.67%. Sealand indicated that, at this moment, with high inventory of Thermal Coal, coal prices remain.
Hong Kong stocks are showing unusual movements | Coal Industrial Concept (coal Industry) stocks are dropping significantly due to high inventory and continued pressure from import levels, while the long-term advantages of their dividend attributes remain.
The Coal Industrial Concept (coal Industry) stocks are among the biggest decliners. As of the time of this report, SOUTHGOBI (01878) has fallen by 9.09%, trading at 3.1 HKD; CHINA QINFA (00866) is down by 5.93%, trading at 1.27 HKD; and China Coal Energy (01898) has declined by 5.11%, trading at 9.09 HKD.
National Bureau of Statistics: In November, the output of raw coal from large-scale industries was 0.43 billion tons, an increase of 1.8% year-on-year.
On December 16, data from the National Bureau of Statistics showed that in November, the output of industrial raw coal from enterprises above designated size was 0.43 billion tons, a year-on-year increase of 1.8%; the average daily output was 14.266 million tons.
OTC Markets Group Welcomes Mongolian Mining Corporation to OTCQX
Mongolian Mining's Unit to Acquire 51% Stake in Mongolian Mining Company for $21 Million
[Hong Kong Stock Connect] MONGOL MINING (00975) plans to acquire a 50.5% stake in Universal Copper LLC, involving an investment of 20.5 million USD.
Jingwu Finance | MONGOL MINING (00975) announces that a wholly-owned subsidiary and a limited company registered under Singapore law ("Buyer") have entered into a securities purchase agreement ("Securities Purchase Agreement") with an independent third party and a limited liability company registered under Mongolian law, Talst Investment LLC ("Seller"). According to the Securities Purchase Agreement, the Buyer conditionally agrees to purchase and the Seller conditionally agrees to sell Universal Copper LLC ("Target Company," a limited liability company registered and existing under Mongolian law).