Yin He Zheng Quan·2025-06-16 08:00Investment Rating - The report maintains a "Recommended" rating for the coal industry, suggesting a positive outlook based on current market conditions [2]. Core Viewpoints - The escalation of tensions in the Middle East has led to a significant increase in international crude oil prices, with Brent crude futures rising by 12.85% to $78.27 per barrel [4]. - During the peak summer demand period, coal consumption in coastal provinces is expected to rise significantly, with daily consumption projected to exceed 2 million tons by late June [4]. - Coal prices in China have shown signs of stabilization, with the price of 5500 kcal thermal coal at Qinhuangdao port remaining steady at 609 yuan per ton as of June 13 [4]. - The report highlights that the coal supply may decrease in June due to safety production measures and environmental inspections, which could further support price stabilization [4]. - The report suggests focusing on leading coal companies such as China Shenhua, Shaanxi Coal and Chemical Industry, and Yanzhou Coal Mining, as well as coking coal leaders like Huaibei Mining and Shanxi Coking Coal [4]. Summary by Sections - Market Conditions: The report notes that the coal market is experiencing improved supply-demand dynamics, with a decrease in port inventories and cautious production attitudes among coal mines [4]. - Price Trends: Domestic coal prices are stabilizing due to improved market conditions and seasonal demand, with only a slight decrease observed in early June [4]. - Investment Recommendations: The report recommends investing in key players in the coal sector, indicating a favorable outlook for these companies amid rising oil prices and seasonal demand [4].