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Coal Industrial Concept is weakening. YANKUANG ENERGY (00866) fell by 4.73%. Institutions indicate that Thermal Coal and Coking Coal prices are still at a low level in the short term.
Jinwu Financial News | The Coal Industrial Concept(coal Industry) has weakened, GREEN LEADER (00061) fell by 8.33%, YANKUANG ENERGY (01171) fell by 4.73%, CHINA QINFA (00866) fell by 4.58%, MONGOL MINING (00975) fell by 3.11%, China Shenhua Energy (01088) fell by 3.09%, E-COMMODITIES (01733) fell by 2.54%. Datong Securities stated that fundamentally, Thermal Coal and coking coal short-term prices are still at low levels. Due to the arrival of cold waves, Thermal Coal prices have rebounded from their bottom, coupled with major coal-producing regions completing production tasks ahead of schedule, pithead coal prices have also slightly risen, and the supply-demand situation is relatively balanced.
Hong Kong stocks moving differently | Coal Industrial Concept(coal Industry) stocks fell in early trading, with many stocks dropping more than 3%. Institutions stated that the recent sharp decline in Thermal Coal prices exceeded market expectations.
Coal Industrial Concept(coal Industry) stocks fell in the early session. At the time of reporting, China Shenhua Energy (01088) dropped 2.63% to 31.5 Hong Kong dollars; YANKUANG ENERGY (01171) fell 2.54% to 8.45 Hong Kong dollars; SHOUGANG RES (00639) decreased by 2.05% to 2.4 Hong Kong dollars; MONGOL MINING (00975) declined 1.41% to 6.98 Hong Kong dollars.
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High-dividend Coal Industrial Concept(coal Industry) stocks will be the "stable happiness" in 2024. The trend of Thermal Coal next year may fluctuate in a narrow range | 2025 outlook.
① The Coal Sector is expected to perform brilliantly in 2024, humorously referred to as the "most profitable track in A-shares"; ② Industry insiders anticipate that Thermal Coal prices will fluctuate within the Range next year.
Hong Kong stocks are moving | Most coal industry stocks are rising, China Shenhua Energy (01088) is up over 3%, China Coal Energy (01898) is up over 2%.
Most coal stocks have risen. As of the time of writing, China Shenhua Energy (01088) has increased by 3.37%, trading at HK$33.7; China Coal Energy (01898) has risen by 2.32%, trading at HK$9.25; YANKUANG ENERGY (01171) has increased by 1.82%, trading at HK$8.95.
Yankuang Energy Group Company Limited's (HKG:1171) Top Owners Are Private Companies With 54% Stake, While 35% Is Held by Individual Investors
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