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Ningxia Baofeng Energy Group (600989.SH): The decline in coal prices has improved the price spread of the company's products.
On December 24, Gelonghui reported that Ningxia Baofeng Energy Group (600989.SH) stated on an interactive platform that coal prices have shown a downward trend recently. As of December 20, the Quote for Inner Mongolia ERDOS Resources Q6000 at the pit was 680 yuan/ton, a decrease of 60 yuan/ton compared to the previous period, a drop of 8.11%; the Quote for Shaanxi Yulin Q5500 at the pit was 575 yuan/ton, a decrease of 40 yuan/ton compared to the previous period, a drop of 6.5%; the Quote for Shanxi Datong Q5600 at the pit was 595 yuan/ton, a decrease of 60 yuan/ton compared to the previous period, a drop of 9.16%. The cost of raw coal accounts for about half of the total cost of olefins, so the drop in coal prices will improve the price spread of the company's products.
Ningxia Baofeng Energy Group (600989.SH): Production and sales in the fourth quarter are in a normal full production and full sales state.
Gelonghui December 24 - Ningxia Baofeng Energy Group (600989.SH) stated on the interactive platform that the company's production and sales in the fourth quarter are at a normal full production and sales level, and the specific data on product exports year-on-year will be disclosed in the company's 2024 annual report.
Is Ningxia Baofeng Energy Group (SHSE:600989) A Risky Investment?
China Silver Securities: Oil prices are running at a medium to high level, focusing on opportunities with growth certainty.
Currently, the petrochemical industry has a high level of ongoing projects. As the effects of policy stimulus gradually become evident, end consumer demand may see some improvement, but the industry's existing capacity and ongoing capacity will still require time to be digested.
Is Ningxia Baofeng Energy Group Co., Ltd.'s (SHSE:600989) Stock's Recent Performance A Reflection Of Its Financial Health?
Guosheng Securities: The likelihood of oil price fluctuations will increase in 2025, and the petrochemical sector is expected to welcome global strategy-level configuration opportunities.
Therefore, before the stabilization of the global macroeconomic situation in the mid-term, oil prices may be suppressed by expectations of a downturn for a certain period of time.
Ningxia Baofeng Energy Group (SHSE:600989) Could Be Struggling To Allocate Capital
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