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.
Coal: can be both offensive and defensive, act according to timing.
The sector has investment value and there are also stage-specific trade opportunities.
JPMorgan Expands Energy-Transition Efforts to Add Coal Deals
Coal industrial concept stocks rose some, yancoal aus (03668) rose by 4.49%. Institutions point out that the peak of winter heating is approaching, boosting demand in the thermal coal market.
Jingu Financial News | Some coal stocks have risen, Yancoal Aus (03668) up by 4.49%, Nan Nan Res (01229) up by 2.27%, E-commodities (01733) up by 2.13%, Southgobi (01878) up by 2%, Mongol Mining (00975) up by 1.03%, Per Energy (02798) follow the rise. Shanxi Securities stated that the industry supply is returning to normal, demand is still expected, combined with increased uncertainty in external coal trade, against the backdrop of domestic coal prices maintaining a certain high level, coal sector profitability is expected to remain high. Along with shareholding buybacks and refinancing
Citic sec: The long-term agreement policy in 2025 may have a positive impact on coal companies with a higher proportion of long-term agreements.
The overall change in the 2025 long-term coal contract framework is not significant, with the signing ratio requirements being adjusted downwards each year.
Market cap management boost + demand release, the value of the coal sector is highlighted.
Prepare for the peak and embrace the winter.
Citic Securities: Market cap management guidelines released, coal sector expected to benefit.
The leading company in the coal industry has more stable performance and is also a component stock of major indices, therefore benefiting more significantly. In addition, some undervalued and net asset value companies are also worth paying attention to.
Per Energy (02798) appointed Yau Shushan as an independent non-executive director.
Per Energy (02798) announced that Zhang Xuetong will resign as an independent non-executive director to devote more time to...
The net profit of the top three coal giants declined overall in the first three quarters, with the leader Shenhua seeing a double increase in net profit in the third quarter compared to the previous quarter. | Interpretations
①Affected by the downward trend of coal prices, the performance of coal listed companies in the first three quarters generally declined, but with differentiated performance in Q3; ②Regarding the future trend of coal prices, the industry generally believes that there is hope for a recovery after hitting the bottom, but the magnitude of the increase is limited.
Morgan Stanley Fund: What is the logic behind the rebound of coal?
morgan stanley fund stated in a publication that since late September, various national ministries and commissions have intensively proposed a series of measures to ease monetary policy, stabilize the stock market, and support the real estate market, greatly boosting market confidence.
citic sec: Coal prices are expected to remain stable, and the sector is expected to further rise.
The demand side benefited from the start of winter storage in the north, while the demand from non-power and station traders also remained stable, but compared to the strong pre-holiday inventory, there has been a slight weakening, resulting in some coal mines quoting slightly lower prices.
PER ENERGY: Interim Report 2024
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.
Per Energy (02798): Hongguo Coal Mine successfully obtained the safety production license for the revised expansion plan.
Per Energy (02798) announced that with the completion of the installation of all necessary mining machinery and equipment, the Hongguo coal mine...
Per Energy (02798.HK): Under the production license, the annual production capacity of the Hongguo coal mine has been increased to 1.2 million tons.
As of August 27th, Jiutai Bangda Energy (02798.HK) announced that with the installation of all necessary mining machinery and equipment completed, Hongguo Coal Mine successfully obtained the safety production permit issued by the Guizhou Provincial Energy Bureau for the revised expansion plan after joint trial operation on August 27, 2024. As of the date of this announcement, the annual production capacity of Hongguo Coal Mine under the production permit has been expanded from 600,000 tons to 1,200,000 tons. The directors believe that this expansion has increased the operating scale of Hongguo Coal Mine, which will bring significant economic benefits to the group.
Express News | Perennial Energy - Permitted Annual Production Capacity of Hongguo Coal Mine Increased From 600,000 Tonnes to 1.2 Mln Tonnes Under Permit
Express News | Perennial Energy - Permits for Revised Expansion Plan From Energy Bureau of Guizhou Province
Express News | Perennial Energy - Hongguo Coal Mine Obtained Safety Production Permits
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.