Coal industrial concept under pressure, China Coal Energy (01898) fell by 5.19%. Institutions predict a turning point in coking coal prices during the alternating season of August.

Coal stocks are under pressure, with Hidili Industry (01393) and Huili Resources (01303) falling by more than 9%, China Coal Energy (01898) falling by 5.19%, Yancoal Aus (03668) falling by 3.03%, and China Shenhua Energy (01088) falling by 2.76%. On the news front, in terms of coking coal, GTJA pointed out that there may be pressure for price adjustments during the off-season, but greater elasticity is expected to occur during the period of "Golden September and Silver October." The bank believes that starting from the second half of 2023, the decline in new real estate construction may narrow based on the previous land acquisition foundation, and at the same time, infrastructure will be in

金吾財訊Jun 11 02:01 ET

A Piece Of The Puzzle Missing From Hidili Industry International Development Limited's (HKG:1393) 26% Share Price Climb

Hidili Industry International Development Limited (HKG:1393) shares have had a really impressive month, gaining 26% after a shaky period beforehand. Still, the 30-day jump doesn't change the fact t

Simply Wall StMay 24 19:40 ET

Hidili Industry Schedules 2024 AGM and Share Allotment

TipRanksMay 24 08:40 ET

Hidili Industry Plans Governance Modernization

TipRanksMay 22 06:09 ET

Haitong Securities: 24Q1 performance is under pressure, coal may still fluctuate and adjust in the short term

Currently, the prices of thermal coal and coking coal have both entered the bottom fluctuation range, but the upward trend is yet to be further boosted by the demand side.

Zhitong FinanceMay 13 23:17 ET

Tianfeng International: What are the future expectations of the coal price increase industry?

Regarding the recent month-on-month rise in thermal coal prices, it is mostly due to supply-side contraction. Coking companies have maintained a strategy of low inventory for a long time. Currently, coking coal stocks are at their lowest level in nearly 5 years.

Zhitong FinanceMay 12 22:08 ET