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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.
China Shenhua Energy's Controlling Shareholder Boosts Stakeholding
China Shenhua Energy's (SHA:601088, HKG:1088) controlling shareholder, China Energy Investment, has bought around an additional 11.6 million shares in the company, a Friday filing on the Hong Kong bou
China Shenhua (01088.HK): Capital Holdings increased its total A-share holdings by 11.5935 million through centralized bidding
Gelonghui, April 19, 丨 China Shenhua (01088.HK) announced that from October 20, 2023 to April 19, 2024, Capital Holdings increased its holdings of the company's 11.5935 million A-shares through centralized bidding through the Shanghai Stock Exchange trading system, accounting for 0.0584% of the company's total issued shares. The increase amount was approximately RMB 365.279 million (excluding commissions and transaction taxes), accounting for 73.1% of the minimum amount of RMB 500 million of the current increase plan. In the future, Capital Holdings will continue to take the opportunity to increase its shares in the company in accordance with this holdings increase plan. Intercept
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
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.
Coal stocks are replicating the “black gold” market. How long can high dividend strategies stay popular?
What exactly is the reason behind the continued popularity of the coal sector?
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