川财证券：研究所晨报-20240813

Core Insights - The report highlights a general upward trend in major stock indices, with the exception of the Shanghai Composite Index, which saw a slight decline. The coal and energy sectors are experiencing downward pressure, while other sectors like education and real estate services are showing signs of recovery [4][10][11] - The report indicates that the average price of thermal coal in Inner Mongolia for the first half of 2024 was 363.66 RMB per ton, a decrease of 7.28% compared to the same period in 2023. The report also notes that the price trends are expected to continue fluctuating in the second half of the year [4][10][11] Market Overview - The report mentions that the A-share coal sector performed poorly, with no stocks hitting the daily limit up and one stock hitting the limit down. The top-performing stocks in the coal sector were Anyuan Coal Industry, Shanxi Coal International, and Jinko Coal, with respective increases of 5.56%, 4.22%, and 3.92% [10] - The report also discusses the performance of energy-related futures, noting that crude oil and fuel futures saw declines of 1.72% and 1.29%, respectively, while coking coal and coke futures also experienced slight decreases [10] Industry News - The report cites that the price of thermal coal in Inner Mongolia showed a "rise-fall-rise" pattern in the first half of 2024, with the eastern region's lignite averaging 324.71 RMB per ton, down 2.23% year-on-year, and the Ordos region's thermal coal averaging 489.79 RMB per ton, down 14.31% year-on-year [4][10] - The Inner Mongolia Development and Reform Commission predicts that both supply and demand for coal will increase in the second half of the year, with overall supply-demand conditions expected to remain slightly loose [11]