Core Viewpoint - The coal sector is experiencing a rebound, with several coal stocks showing significant increases, driven by expectations of improved profits and rising coal prices in the upcoming quarters [1] Group 1: Stock Performance - Mongol Mining (00975) increased by 10.03%, reaching HKD 13.6 [1] - Shougang Resources (00639) rose by 5.28%, reaching HKD 2.99 [1] - China Qinfa (00866) saw a rise of 4.47%, reaching HKD 3.04 [1] - Yancoal Australia (03668) increased by 1.96%, reaching HKD 28.04 [1] - China Coal Energy (01898) rose by 1.8%, reaching HKD 10.2 [1] Group 2: Market Analysis - Guosen Securities predicts a rebound in coal prices in the second half of 2025, which is expected to improve coal company profits [1] - The fourth quarter is anticipated to show upward elasticity in coal prices, with the coal sector underperforming compared to other sectors [1] - Post-holiday, coal prices have quickly stopped declining and started to rebound, indicating a tightening supply expectation [1] Group 3: Supply and Demand Dynamics - During the double festival period and after, continuous rain has impacted coal supply, with maintenance on the Daqin Railway and the initiation of winter storage contributing to short-term price support [1] - For coking coal, downstream iron and steel production remains high, but confidence among coking enterprises to raise prices is low, leading to a cautious outlook [1] - October is still a peak demand season, with low total inventory levels for coal, coke, and steel providing support for coal prices, while coking coal is expected to continue a volatile trend [1]
煤炭股多数上涨 节后煤价迅速止跌并反弹 旺季需求释放或打开煤价上行空间
Zhi Tong Cai Jing·2025-10-15 07:27