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Earnings Miss: Shanxi Coking Coal Energy Group Co., Ltd. Missed EPS By 9.9% And Analysts Are Revising Their Forecasts
Last week, you might have seen that Shanxi Coking Coal Energy Group Co., Ltd. (SZSE:000983) released its full-year result to the market. The early response was not positive, with shares down 5.8% to C
Simply Wall StApr 24 19:17 ET
Guojin Securities: Demand for electricity is strong, thermal power still has an opportunity to tighten coking coal supply, and there is a gap between supply and demand
The economy continues to improve, and superimposed computing power is rising, and demand for electricity is strong, and there are still opportunities; demand for steel is resilient, there is a gap between supply and demand in anticipation of tightening coking coal supply, and there is some room to replenish stocks with low superposition bifocal inventories.
Zhitong FinanceApr 22 23:05 ET
Great Wall Securities: Non-electricity demand continues to recover, and coal price trends begin to diverge
The Zhitong Finance App learned that the current fundamentals of thermal coal demand have maintained steady operation, supported by demand for electricity and coal. Non-electricity demand, especially chemical demand, continues to recover. The coal price trend has begun to diverge, and prices in production areas have begun to rise tentatively, leading to a slight rebound in port prices. Also, it is worth noting that the water storage level in the Three Gorges has dropped to the same period last year, and there is still uncertainty about hydropower output this year. Meanwhile, on the supply side, coal production in Jinshan, Shaanxi, and Mongolia is expected to shrink this year. Stable production and safety will be the main production tone, while the year-on-year decline in average daily raw coal production in March is in line with the judgment that the growth rate of supply will be lower than the growth rate of demand, according to
Zhitong FinanceApr 19 01:40 ET
Guohai Securities: Coking coal has momentum to rise in the short term, and the long-term supply and demand pattern is still tight
Looking ahead to 2024, it is more likely that there will be a small gap between domestic coking coal supply and demand.
Zhitong FinanceApr 18 03:23 ET
Guohai Securities: Coking coal prices have momentum to rise in the short term, and the long-term supply and demand pattern is tight
The Zhitong Finance App learned that Guohai Securities released a research report indicating that the price of coking coal is gaining momentum in the short term. The main reasons include: low overall supply flexibility; iron and water production is expected to improve further; terminal inventory removal is coming to an end; the coking coal long-term agreement price issue has already been implemented. The current coking coal stock market is still worth paying attention to. In the long run, the supply and demand pattern of the coking coal industry is expected to be tight. Domestic steel production costs have a strong advantage, and pig iron production is expected to remain high. However, domestic coal mining procedures are complicated, construction and production cycles are long, and the cost of building new mines has risen sharply, and the will of mainstream coal companies to build new mines is still very weak.
Zhitong FinanceApr 17 21:12 ET
Open Source Securities: Demand is improving month-on-month, and supply-side tightening, coking coal prices are upward elastic
The tight domestic coal supply situation or continuation in the future is expected to support coal prices.
Zhitong FinanceApr 16 02:59 ET
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