Jinwu Financial News | Coal stocks generally rose. Mongolian coking coal (00970) rose 5.87%, South Gobi (01878) rose 4.03%, and Huili Resources (01303), Green Collar Holdings (00061), Yi Dazong (01733), and Yancoal Australia (03668) followed suit.
According to the Shouchuang Securities Research Report, the drop in temperature is driving the release of demand for coal, and thermal coal prices are expected to run steadily. On the supply side, as we approach the end of the year, there has been an increase in the number of coal mines with frequent safety inspections on the production area and the completion of annual production tasks that have been discontinued, and the overall supply has been tightened. On the demand side, most regions of China will soon usher in a new round of cold air, and many places are expected to experience snowfall or even blizzards. As the temperature drops, daily consumption of power plants is expected to return to an upward trend. Inventory pressure is expected to ease, and demand for winter storage and replenishment is expected to gradually be released.