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gtja: The long-term funds allocation logic for high dividends remains unchanged, and the fundamentals of coal in 2025 still show relatively high certainty.
In 2025, without considering policy stimulus, the certainty of the coal fundamental may still be among the forefront of all industries.
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.
China Coal Energy Coal Production, Sales Up in October; Shares Up 4%
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.
haitong int'l: daily consumption significantly increased +imported coal backwardation intensified, port coal prices are expected to stabilize
As the temperature gradually drops, demand is about to enter the peak coal consumption season. In addition, the widening price difference of imported coal, it is expected that the short-term thermal coal prices may fluctuate but the downside space may be limited.
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