No Data
No Data
Coal industrial concept (coal industry) collectively under pressure. Mongol Mining (00975) fell by 9.87%, institutions point out that thermal coal prices are difficult to have further upward drive.
Jinwu Finance News | Coal stocks are collectively under pressure, with Green Leader (00061) falling 10%, Mongol Mining (00975) falling 9.87%, Southgobi (01878) falling 8.48%, China Shenhua Energy (01088) falling 4.91%, China Coal Energy (01898) falling 4.99%, Kinetic Dev (01277) falling 4.42%, Yankuang Energy (01171) falling 4.29%. GTJA Futures states that, overall, the current spot thermal coal prices are showing a weak and stable running trend. In terms of production areas, coal mines are mainly purchasing to ensure supply and for rigid demands such as chemicals, with a few experiencing significant price reductions.
gtja: The bottom of coal price in the second half of the year is expected to not break 800 yuan/ton, and the turning point is estimated to be in mid-September.
In the first half of 2024, the performance of dividend assets with a high proportion of long-term contracts continued to significantly outperform the industry. The performance pressure brought by the simultaneous decline in volume and price in the first half of the year has been released, determining that the bottom coal price in the second half of the year will not break 800 yuan/ton, and the turning point is expected in mid-September.
SouthGobi Announces Voting Results of the Special Meeting
SOUTHGOBI: INTERIM REPORT 2024
Coal price rebound limited? Coal industry stocks fell sharply, and their performance encountered a Waterloo.
On August 21st, the coal sector as a whole fell. In the A-share market, Pingdingshan Tianan Coal Mining fell more than 3% due to lower-than-expected mid-year performance, while Huaibei Mining Holdings, Shanxi Coal International Energy Group, and Shanxi Lanhua Sci-Tech Venture all fell more than 2%.
CITIC Securities Research: Coal production in July fell slightly, and the peak of daily consumption may have already appeared.
Haitong Research believes that with the approaching off-season, downward pressure on coal prices may gradually appear, but Haitong Research believes that the downside support for coal prices still exists. In the short term, the expectation of a US interest rate cut and domestic economic pressure coexist, and the logic of stable and profitable coal remains dominant.
No Data
No Data