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Huaibei Mining Holdings Co.,Ltd.'s (SHSE:600985) Stock Is Going Strong: Is the Market Following Fundamentals?
Here's What's Concerning About Huaibei Mining HoldingsLtd's (SHSE:600985) Returns On Capital
Huaibei Mining Holdings (600985.SH): It is expected that the company's long-term contract price for coking coal in September will decrease by approximately 185 yuan per ton.
On September 18th, Huaibei Mining (600985.SH) stated on the interactive platform that due to the switch between new and old national standards for screw steel, the spot market price of coking coal has dropped significantly recently, and it is expected that the company's September long-term contract price for coking coal will decrease by approximately 185 yuan per ton. The company will conscientiously implement the "2024 Quality Improvement and Efficiency Increase Return Action Plan", adhere to the general tone of steady progress, strengthen management to improve quality and efficiency, and strive to improve business performance through various measures such as organizing production safely and efficiently, minimizing costs and expenses, and increasing revenue and efficiency. In addition, the capacity utilization rate of the newly built 0.6 million tons anhydrous ethanol project in August approached full capacity.
GF Securities: Coal prices are stable with an upward trend. In August, thermal power generation increased by 3.7% year-on-year, and the non-electric peak season demand is expected to improve.
The overall price of coal has stabilized and rebounded. Although there is still pressure on short-term macro demand, considering the decrease in inventory at all links, the seasonal rebound of non-electric demand, and the support of supply-side constraints, it is expected that coal prices will stabilize and slightly rebound.
Sealand: Coal company profits return to a reasonable level, assets-liability ratio further decreases.
In the long run, in the process of energy transformation, it is necessary to ensure the smooth operation of the energy system, and safe, stable, and cost-effective coal-fired power is undoubtedly the best choice.
Huaibei Mining Holdings (600985.SH): It is expected to produce 0.35 million tons of anhydrous ethanol in 2024.
Huaibei Mining Holdings (600985.SH) stated on the interactive platform on September 6 that the company's 0.6 million ton ethanol project has completed trial production at the end of 2023 and is expected to be officially inspected and put into operation in the near future. In 2024, it is expected to produce 0.35 million tons of anhydrous ethanol. The annual production of 0.5 million tons of methanol by Techin Carbon is mainly used as raw material for the ethanol project. Based on the annual production of 0.6 million tons of ethanol, it requires approximately 0.45 million tons of methanol. The business data disclosed in the company's announcement only includes external sales data and does not include internal sales, so it only reflects the production and external sales of methanol. If the methanol produced by Techin Carbon cannot meet the ethanol production, they will consider purchasing from Lintun Coking.
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