Coal prices hit a nearly four-year low.

Gelonghui, February 17 | According to China Coal Market Network, the recent demand in the Thermal Coal market has not recovered as expected, while supply is showing an accelerated upward trend. Inventory in the mid and upper streams continues to accumulate, putting pressure on prices which have been consistently falling. As of February 17, the "CCTD CNI Bohai Index Thermal Coal spot reference price" for 5500K grade has dropped to 746 yuan/ton, down 4 yuan/ton from the previous day, marking a new low since May 2021.

Gelonghui FinanceFeb 17 17:40

Hong Kong stocks are moving differently | Electric Power stocks rise against the trend. Institutions state that southbound capital is accelerating its Inflow into Hong Kong Electric Power stocks, and the policy efforts are far from over.

Electric Power stocks rose against the market trend. As of the time of writing, CGN POWER (01816) increased by 4.88%, priced at 2.58 HKD; Huadian Power International Corporation (01071) rose by 4.59%, priced at 3.87 HKD; CHINA LONGYUAN (00916) went up by 2.24%, priced at 6.38 HKD; Huaneng Power International, Inc. (00902) increased by 2.21%, priced at 4.17 HKD; CHINA RES POWER (00836) rose by 1.95%, priced at 17.74 HKD.

Zhitong FinanceFeb 17 13:56

KINETIC DEV (01277.HK): Zhuang Xuhui has been appointed as the company secretary and authorized representative.

Gelonghui, February 6th丨KINETIC DEV (01277.HK) announced that Zeng Ruoshi has resigned as the company's secretary and authorized representative, effective from February 6, 2025. Zhuang Xuhui has been appointed as the company secretary and authorized representative, effective from February 6, 2025.

Gelonghui FinanceFeb 6 17:35

Coal Industrial Concept(coal Industry) rises across the board, MONGOL MINING (00975) increases by 5.87%, Institutions indicate that the bottom of coal coke is likely confirmed, and a monthly level rebound is anticipated.

Jinwu Financial News | Coal Industrial Concept(coal Industry) rises overall, MONGOL MINING (00975) up 5.87%, NAN NAN RES (01229) up 3.5%, KINETIC DEV (01277) up 3.31%, CHINA QINFA (00866) up 2.27%, E-COMMODITIES (01733) up 1.87%, YANCOAL AUS (03668) and China Shenhua Energy (01088) follow suit. Xinda Futures states that the current coke market is in a strong fluctuation trend. The bank indicates that as equities strengthen, Commodities continue to rise, with the black Sector showing an overall strong trend due to domestic pricing. On Wednesday, daytime coal coke.

Jingwu Financial NewsJan 17 10:47

CITIC SEC Coal 2024 performance outlook: The decline is in line with expectations, time to allocate for dividend leaders at low points.

In 2024, the prices of various coal types continued to decline, with an average decrease of 14%, and anthracite coal saw the largest price drop.

Zhitong FinanceJan 15 07:47

Kinetic Development Group's Subsidiary to Provide Property Management Services

MT NewswiresJan 14 21:04