Express News | According to Dow Jones, diplomats say the EU will propose a ban on the import of Russian coal.
Research Notes | Focus on investment opportunities in the coal sector
China-Thailand coal time: March 3, 2022 [1] Opinion report: We believe the driving forces driving the sector's rise are as follows: 1. On the fundamental side, supply-side constraints are still stronger than expected, while the demand side will expand markedly in the context of steady growth. The pattern of tight supply and demand is difficult to change. Combined with the recent sharp rise in international coal prices, coal prices will continue to materialize at a high level, and the sector's profit for the first quarter or even the whole year may be better than expected. 2. In terms of risk release, the sector underwent major adjustments in the early stages, and there was a strong understanding of policy intentions and tolerance. The medium- and high-ranking coal prices granted by the NDRC improved the profit stability of the industry
The global stagflation-like relay under the energy crisis
The energy crises that occurred in Texas in the US and Europe in 2021 have highlighted the pain of the transition between old and new energy sources. Combined with the sequelae of the stimulus of the epidemic, it is difficult to effectively resolve the conflict between supply and demand in the short term.
The world is moving towards carbon neutrality, but the “abandoned” old energy is soaring! Daima: This will affect every aspect of the future
Morgan Stanley said that until now, supply-side adjustments in the energy system have been faster than consumption patterns. The world is still in the early stages of decarbonization, so this makes it possible for further instability and price compression in the future.
Overseas giants: The new logic of going long on crude oil
On May 27, Goldman Sachs “took the lead” again, saying that commodities were being decoupled from China and called on investors to take over on dips.