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Citic Sec: From 'having coal' to 'being capable', coal-electricity integration gains growth opportunities.
With the government relaxing its control on electricity prices, the overall net asset return of the "coal + electricity" sector has exceeded the market's average return. It is economically feasible to extend downstream power generation through the coal-electricity integration model relying on upstream resources.
Two departments issued a plan for low-carbon transformation of coal-fired power, and coal-power integration received attention.
According to the website of the National Development and Reform Commission on July 15th, in order to coordinate the low-carbon transformation of existing coal-fired units and the construction of new low-carbon coal-fired units, improve the clean and efficient utilization level of coal, accelerate the construction of a clean, low-carbon, safe, and efficient new energy system, and help achieve the goal of carbon peak and carbon neutrality, the National Development and Reform Commission and the National Energy Administration recently issued the "Action Plan for Low-Carbon Transformation and Construction of Coal-Fired Power Plants (2024-2027)".
Changjiang Securities: India's industrialization begins to reshape the supply and demand pattern of black resources.
As developing countries such as India drive industrialization demand, there is expected growth in resources such as coking coal and iron ore, which have constrained supply, reshaping the long-term supply-demand landscape.
Hong Kong stocks have seen a different trend, with most coal industrial concept (coal industry) stocks falling. The continuous rainfall has affected the expected peak-season coal prices, and short-term coal prices are expected to remain weak.
Coal industry stocks have generally fallen. As of press time, Nan Nan Res (01229) fell by 7.36%, reporting a price of HK$0.151; China Shenhua Energy (01088) fell by 3.52%, reporting a price of HK$35.9; Shougang Res (00639) fell by 2.88%, reporting a price of HK$3.03.
Coal industry stocks mostly declined in Hong Kong stock market due to weak demand and running with weakness. Daily consumption of power plants is expected to support coal prices.
According to the report from the China Finance App, most coal industrial concept stocks fell. As of press time, Nan Nan Res (01229) fell 4.85% to HKD 0.157, Yankuang Energy (01171) fell 3.9% to HKD 11.24, China Coal Energy (01898) fell 3.28% to HKD 9.13, and Shougang Res (00639) fell 1.9% to HKD 3.1. In terms of production, the Yulin area saw a slight decline in prices, and although there is an expected contraction in supply in the latter half of the month, due to sustained weak demand, there is a build-up of pithead inventory. The Ordos region is affected by weak demand and external purchases.
Nan Nan Resources Turns to Profit in Fiscal 2024
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Market Sniper : Are you involved?
NikkiiOP Market Sniper: I don't dare. I'm afraid of being cut.![undefined undefined](https://static.moomoo.com/nnq/emoji/static/image/default/default-black.png?imageMogr2/thumbnail/36x36)
九块八 : This is so scary.
NikkiiOP 九块八: Really good guy, come straight to one 10 times.
Market Sniper : It seems that we will continue to stir-fry tomorrow.
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