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FTSE China 50 Index adjustment: adding GTJA (02611), ZTE (00763) and removing China Coal Energy (01898), China Tourism Group Duty Free Corporation (01880).
On March 5th, FTSE Russell announced quarterly review changes for the FTSE China 50 Index, FTSE China A50 Index and other indices, which will take effect after the market closes on Friday, March 21, 2025 (i.e., Monday, March 24, 2025).
Guosheng Securities: The current decline in coal prices may be nearing its end, emphasizing the opportunity for left-side layout.
Guosheng Securities expects that the decline in Coal prices will significantly slow down or even stop in the latter half of next week.
Express News | China Coal Energy and MONGOLIA ENERGY Group have established a new company.
[Brokerage Focus] HTSC: The Industry self-discipline initiative may help stabilize and solidify coal prices. Pay attention to the integration of leading companies with long-term contracts and their value in configuration.
Jinwu Financial News | HTSC stated that on February 28, the China Coal Industry Association and the Coal Sales Association jointly issued a proposal to address the lower-than-expected growth in downstream demand by proposing measures such as orderly control of Coal production and optimizing the import structure to maintain market supply and demand balance. The document emphasizes that, in the context of insufficient downstream demand and high inventory, Coal companies must actively adjust their production pace to avoid exacerbating oversupply, while strictly controlling the import of low-calorie inferior coal. The bank believes that this proposal signals the industry's proactive adjustment of supply, and in the window period where demand has not yet significantly recovered, constraints on the supply side are expected to accelerate the accumulation of market inventory and high-cost supply.
CICC: Cost support gradually appears; coal prices seek to find a bottom.
Since the beginning of the year, coal prices have remained weak, but coal mine production has stabilized at a high level. After the Spring Festival holiday, despite further declines in coal prices, the main producing areas still achieved a rapid recovery in production.
Is there a big risk behind the "cabbage price" of Coal? A Global supply crisis is about to explode!
The current situation of low Global Coal prices conceals a fact: as the most consumed Energy source globally, the future of Coal will face a completely different scenario.