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Henan JinMa Energy's Resolutions Pass With Strong Support
Haitong Securities: 24Q1 performance is under pressure, coal may still fluctuate and adjust in the short term
Currently, the prices of thermal coal and coking coal have both entered the bottom fluctuation range, but the upward trend is yet to be further boosted by the demand side.
Tianfeng International: What are the future expectations of the coal price increase industry?
Regarding the recent month-on-month rise in thermal coal prices, it is mostly due to supply-side contraction. Coking companies have maintained a strategy of low inventory for a long time. Currently, coking coal stocks are at their lowest level in nearly 5 years.
Jinma Energy (06885.HK) has signed a number of construction-related agreements for the construction of the Xinyang Golden Port Project
Gelonghui, May 10 | Jinma Energy (06885.HK) announced that the Group has signed a number of construction-related agreements with several third parties for the construction of the Xinyang Gold Port Project from 2021 to 2023. The project is an advanced heat recovery coke oven project with a total production capacity of about 1.6 million tons. It was built by Xinyang Gold Port, a subsidiary of the company with 70% of the shares. According to the Group's business strategy of expanding its vertical and horizontal business to cover the coking industry chain in the coal chemical industry, the Group has always been committed to expanding coke production capacity. In view of the policies formulated by the Chinese government in recent years and the implementation of stricter environmental protection measures and requirements, the board of directors believes that additional coke production capacity has already been added
Guojin Securities: The first rise in coal prices in the beginning of the year is expected to pull back slightly in May after the off-season catalyzed by port storage
After the off-season coal prices fell under pressure in March-April, coal prices in the port market are expected to bottom out in May, but the increase is limited. Judging from the 1-2 M24 coal price fluctuation experience, whether the port can successfully go to storage is an important condition for whether market coal prices can recover after the off-season.
金馬能源:2023年度報告
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