No Data
No Data
Debon Securities: Coal supply declined in March, focus on the pace of subsequent economic recovery
Steady economic recovery and large-scale equipment upgrades are expected to support coal demand.
Further Upside For Mongolian Mining Corporation (HKG:975) Shares Could Introduce Price Risks After 34% Bounce
Mongolian Mining Corporation (HKG:975) shares have had a really impressive month, gaining 34% after a shaky period beforehand. The annual gain comes to 237% following the latest surge, making inves
Changes in Hong Kong stocks | Mongolian coking coal (00975) rose more than 10%, steel mill price pressure momentum is no longer strong, supply and demand for coking coal is still tightening throughout the year
The Zhitong Finance App learned that Mongolian coking coal (00975) rose by more than 10%. As of press release, it had risen 10.54% to HK$10.28, with a turnover of HK$46,197 million. Guotai Junan believes that through eight rounds of consecutive declines in coke prices at the beginning of the year, the steel industry's profit per ton of steel has recovered to an average of 200 yuan/ton in 2023, from the industry's loss situation to profit. Judging that in the context of profit recovery, the momentum for continuing to reduce the price pressure on the coke side is not strong; moreover, coking companies have lost money throughout the industry and carried out comprehensive production restrictions to raise prices. It is expected that the price has basically reached the bottom. The bank believes that taking into account all
Changes in Hong Kong stocks | China Coal Energy (01898) rose nearly 4%, leading the way, coal stocks, coal capacity reserve policies implemented, and the pattern of tight supply and demand remains unchanged
Coal stocks generally rose in early trading. As of press release, China Coal Energy (01898) rose 3.39% to HK$8.24; Mongolian coking coal (00975) rose 2.54% to HK$9.27; China Shenhua (01088) rose 1.55% to HK$32.8; and Yankuang Energy (01171) rose 1.47% to HK$17.98.
Changes in Hong Kong stocks | Mongolian coking coal (00975) rose more than 4%, coking coal futures rebounded strongly, agencies say coking coal prices may have bottomed out
The Zhitong Finance App learned that Mongolian coking coal (00975) rose by more than 4%. As of press release, it had risen 4.12% to HK$8.85, with a turnover of HK$365.01 million. According to the news, the main coke futures contract of major trading companies surged by more than 5% in the intraday period, and the main coking coal futures contract rose nearly 4%. Bosheng Futures pointed out that concerns about the supply of coal mines still exist, and the overall atmosphere of black has improved, leading to a low rebound in coking coal futures. Currently, the 5 refined coal of Ansha River Yimeng has been transferred to 1,675 yuan/ton, down 80 yuan/ton from the previous month, equivalent to the warehouse receipt cost of 1,450 yuan/ton. March 31, “Stable Coal Production and Stable Supply of Workers in Shanxi Province 2024
China to Establish Coal Capacity Reserve System by 2027
China vowed to set up a coal capacity reserve system by 2027, aiming to secure energy security through more flexible coal supplies, according to plans the country released Friday.
No Data