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JPMorgan Expands Energy-Transition Efforts to Add Coal Deals
Part of the coal industrial concept rises, yancoal aus (03668) up 4.49%, institutions point to the coming of the winter heating peak, boosting demand in the thermal coal market.
Jinwu Financial News | The coal industrial concept sector has risen partially, with yancoal aus (03668) up 4.49%, nan nan res (01229) up 2.27%, e-commodities (01733) up 2.13%, southgobi (01878) up 2%, mongol mining (00975) up 1.03%, and per energy (02798) following suit. Shanxi states that industry supply is returning to normal, demand remains expected, and in the context of increasing uncertainties in foreign trade coal, domestic coal prices are expected to maintain a certain high level, indicating that profitability in the coal sector is likely to remain robust. With the increase in shareholding through buybacks and relending,
Citic sec: The long-term agreement policy in 2025 may have a positive impact on coal companies with a higher proportion of long-term agreements.
The overall change in the 2025 long-term coal contract framework is not significant, with the signing ratio requirements being adjusted downwards each year.
Coal industrial concept stocks rise, Southgobi (01878) up 9.4%. Institutions point out that the basic fundamentals of the coal industry are worry-free in the short term.
Jingu Finance News | Coal stocks generally rose, with SouthGobi (01878) up 9.4%, Mongolia Energy (00276) up 6.35%, Yancoal Aus (03668) up 4.23%, China Coal Energy (01898) up 4.13%, Yankuang Energy (01171) up 2.46%, Shougang Res (00639) up 1.51%. On the news front, Everbright Securities stated that the current coal industry fundamentals are worry-free in the short term, with short-term overseas disturbances and the winter peak demand possibly boosting coal prices. The bank believes that under the potential impact of the fundamentals and overseas disturbances, coal stocks are facing a good opportunity for layout. CITIC Securities
Market cap management boost + demand release, the value of the coal sector is highlighted.
Prepare for the peak and embrace the winter.
The coal industrial concept sector was performing well in the early market, with china coal energy rising over 4%. The disclosure of market cap management guidelines is bullish for dividend style, and the coal sector is expected to benefit.
Coal industrial concept stocks were trading higher in the morning session, as of the time of publication, SouthGobi rose by 8.55%; China Coal Energy rose by 4.02%; Yancoal Aus rose by 3.58%; Mongolia Energy rose by 3.17%.
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