Mongolian coking coal (00975) rose more than 7%. As of press release, it rose 7.74% to HK$10.02, with a turnover of HK$29.933 million.
The Zhitong Finance App learned that Mongolian coking coal (00975) rose by more than 7%. As of press release, it had risen 7.74% to HK$10.02, with a turnover of HK$29.4933 million.
Okoshi Futures pointed out that mainstream coal companies maintain normal shipments, and currently they are still mainly stockpiled. Currently, downstream demand for raw coal is fair. Procurement is still quite active. Coal mine orders are good, stocks are at a low level, and the second round of coke has been fully implemented. Profits of coking companies have improved, boosting sentiment in the coking coal market and supporting the continued rise in some coal prices.
Caida Futures said that safety accidents occurred during coal mines in production areas, and various safety inspections strictly affected local supply. Most coal mines in the main production areas maintained normal operation, and the overall supply of coking coal was normal. Coke has risen and landed in two rounds. The downstream is actively pulling and shipping is good. Market sentiment is good, and demand for coking coal is expected to increase.