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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%.
Citic Securities: Market cap management guidelines released, coal sector expected to benefit.
The leading company in the coal industry has more stable performance and is also a component stock of major indices, therefore benefiting more significantly. In addition, some undervalued and net asset value companies are also worth paying attention to.
[Brokerage Focus] Citigroup: China's coal production is steadily increasing, with inventory levels slightly declining.
Goldman Sachs Financial News | Summary: Citigroup's research aims to track and analyze the high-frequency demand trends in the china market in this series of reports. The market is generally cautious about the expectations of demand recovery. The report summarizes the production and inventory data of 100 sample coal mines in china provided by Sxcoal from November 7 to 13. In the short term, the bank adjusts its investment order to gold, cement, coal, copper, aluminum, and steel stocks. Key points: 1. The thermal coal production of 100 sample coal mines in china increased by 1.3% month-on-month and 2.2% year-on-year. 2. The production of sample coal mines in shanxi/shaanxi/inner mongolia increased by 0.8% month-on-month.
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