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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.
Kinetic Development Group Insiders Placed Bullish Bets Worth CN¥14.1m
Coal Industrial Concept shares generally rise. YANCOAL AUS (03668) increases by 2.7% as the peak winter coal supply and demand sees "three highs and one decrease."
Jinwu Finance | Coal Industrial Concept stocks rose overall, GREEN LEADER (00061) increased by 3.13%, KINETIC DEV (01277) rose by 2.76%, YANCOAL AUS (03668) increased by 2.7%, SHOUGANG RES (00639) rose by 1.89%, China Coal Energy (01898) increased by 1.01%, and YANKUANG ENERGY (01171) also followed the rise. According to the Central Meteorological Administration, a strong cold air mass will affect most areas of our country from the 11th to the 14th, and from the 15th to the 16th, the minimum temperature line of zero degrees Celsius will push south to the middle and lower reaches of the Yangtze River. The relevant officials from the National Energy Administration introduced that this year
Most coal industrial concept stocks rose against the market trend, with china shenhua energy (01088) increasing by 2.7%. Institutions expect that in the fourth quarter, the price of thermal coal will gradually recover by the end of the year.
Jinwu Finance News | Most coal industrial concept stocks are rising against the market trend, with kinetic dev (01277) up 3.6%, china shenhua energy (01088) up 2.7%, china coal energy (01898) up 1.93%, and yankuang energy (01171) up 1.2%. Jianyin International Research Reports indicate that driven by increased seasonal heating demand and a decrease in inventory days for china power, the bank expects thermal coal prices to gradually recover by the end of the fourth quarter. For next year, based on improved economic conditions and nationwide coal production control, the bank anticipates a moderate increase of 5% in thermal coal prices, reaching 905 yuan per ton.
Coal: can be both offensive and defensive, act according to timing.
The sector has investment value and there are also stage-specific trade opportunities.
The chairman of the board of directors and executive director Gu Wenzhong increased his shareholding in Kinetic dev (01277) by 124,000 shares at a price of 1.35 Hong Kong dollars per share.
On November 28, the Chairman and Executive Director of the board of directors, Ju Wenzhong, increased his shareholding in Kinetic Dev (01277) by 0.124 million shares, with an average price of 1.35 Hong Kong dollars per share, amounting to a total of 0.1674 million Hong Kong dollars.
Kinetic Development Group Limited (HKG:1277) Soars 26% But It's A Story Of Risk Vs Reward
