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gtja: Global perspective on the impact of the US economic downturn on the coal industry in china
The international coal price has a relatively weak impact on China mainly because it is not globally priced like crude oil and natural gas, especially in the USA, which is the largest variable in terms of marginal demand elasticity. China accounts for 56% of global coal demand and has an import dependence of only about 10%.
Coal industry concept stocks collectively rose. Yancoal Aus (03668) rose 3.64%. Institutions pointed out that as the strong season approaches, coal demand is gradually increasing.
Coal stocks rose collectively, with Hidili Industry (01393) up 3.95%, Shougang Res (00639) up 3.79%, Yancoal Aus (03668) up 3.64%, Mongol Mining (00975) up 3.12%, China Coal Energy (01898) up 2.46%, China Shenhua Energy (01088) up 2.26%, and Yankuang Energy (01171) up 1.37%. Everbright Securities said that the recent impact of safety supervision continues, coupled with the coming peak season, coal demand is gradually increasing, and the bank is still bullish on the support of peak season demand for coal prices at the end of August.
Debang Securities: Coal industry shareholding and market cap both increased in Q2 2024, with a narrower range of low allocation.
In Q2 of 2024, the coal industry had a relatively outstanding market performance, outperforming the SSE Composite Index and achieving both excess and absolute returns. It ranks fourth in the Shenzhen Stock Exchange first-level industry in terms of increase.
Positive Sentiment Still Eludes Hidili Industry International Development Limited (HKG:1393) Following 26% Share Price Slump
Coal industry stocks are under pressure. Hidili Industry (01393) fell by 8.08%. Institutions point out that coal production areas have strict and normalized safety supervision, and the increase in supply is limited.
Jinwu Finance News | Coal stocks under pressure, Hidili Industry (01393) fell 8.08%, Mongolia Energy (00276) fell 7.14%, SouthGobi (01878) fell 4%, Mongol Mining (00975) fell 3.97%, Yancoal Aus (03668) fell 2.6%, China Shenhua Energy (01088) fell 2.5%. Shanxi Securities said that coal production areas have strict and normal safety supervision and maintenance, and the supply increment of coal production areas is limited; in terms of demand, there is a north-south difference in electricity, southern hydropower and other clean energy continue to generate output, the coal consumption increases are limited, but the north continues to experience high temperatures, and the electricity...
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.
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