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[Brokerage Focus] Jefferies predicts that China's demand for thermal coal will increase by 4.9% year-on-year in 2025.
Golden Finance News | CIMB International issued research reports, stating that driven by the seasonal increase in heating demand and the reduction of inventory days of China Power Corporation, the bank expects thermal coal prices in the fourth quarter to gradually recover by the end of the year. For next year, based on improved economic conditions and nationwide coal production control, the bank expects thermal coal prices to moderately rise by 5%, reaching 905 yuan per ton. Considering the recent performance of coal prices lower than expected, the forecasted thermal coal prices for 2024F and 2025F are respectively lowered to 865 yuan/ton and 905 yuan/ton, 21% and 25% lower than previous forecasts. The bank points out, thermal power generation
Coal: can be both offensive and defensive, act according to timing.
The sector has investment value and there are also stage-specific trade opportunities.
Intelligence Hong Kong stock connect capital trend statistics (T+2) | December 3rd
Capital trend of Stock Connect on December 3rd.
China Shenhua Energy Appoints CEO
China Shenhua Energy (601088.SH): Appoints Zhang Changyan as General Manager
China Shenhua Energy (601088.SH) announced that the board of directors has reviewed and approved the "Employment of Zhang Changyan as China..."
Express News | China Shenhua Energy Says Board Agrees to Appoint Zhang Changyan as General Manager