On August 23, the strong performance of the coal sector in the Shanghai and Shenzhen stock markets led to the closing of most stocks, and yesterday's daily limit of Longyu Fuels rose by 4.45% today. The Shanghai Composite Index once again successfully held on to the 2100 mark, indicating that there is a strong support force at this point, which further stimulates market confidence. In addition, data from various parties showed that domestic coal prices have started to stabilize, and the Qinhuangdao coal index has been flat for three consecutive weeks. The decline in coal prices is expected to end, which also boosted market confidence.
In terms of individual stocks, only two stocks fell in the sector, most stocks closed up, and many stocks rose well, with Longyu fuel up 4.45%, Love up 4.02%, Mejin energy up 3.99%, Energy up 3.23%, Jinrui Mining rose 3.07%. Baihuacun, Sichuan Shengda, Jingyuan Coal, Lanzhou Branch, Shanxi Coking, and Xindazhou A both rose by more than 2%; in addition, Suizhong Energy, Yangquan Coal, Baotailong, Yanhua Energy, and Zhengzhou Coal and Electricity Co., Ltd. Several stocks rose by more than 1%. Falling stocks for Yincheng Mining and Coal Gasification fell 0.55% and 0.27% respectively.
According to a report issued by the Ministry of Commerce, last week, the price of raw coal was flat, and it was back to a steady state trend after six consecutive weeks. According to the analysis of the Ministry of Commerce, the main reason is that small and medium-sized coal enterprises in Shanxi, Inner Mongolia and other places have started to cut production and inventory has continued to decline. Qinhuangdao port coal inventories last week was 6.73 million tons, down 7.2% from the previous week and 29.6% from the middle of June. International coal prices rebounded. In mid-August, the thermal coal FOB of Newcastle, Australia, was US$89/ton, which was 4.7% higher than that in mid-July. At present, the demand for downstream thermal power and other industries is relatively weak, and coal prices are expected to operate at a low level in the later period. Comment: More and more news confirms that coal prices are bottoming out. Stabilize or just in the near future. Institutional monitoring showed that the port thermal coal has been flat for three consecutive weeks.
According to a survey conducted by the reporter of “Daily Economic News†in Liulin County, an important production area of ​​high-quality coking coal in China, it was found that the coal trains on the trunk line of vehicles that used to be a continuous stream of vehicles in the past were rarely seen on the trunk roads, and individual coal mines were even shut down. . From the upstream production companies to the transport fleets in the middle to the downstream coal companies, the entire industry chain has gradually emerged. Comment: According to monitoring, the current production cuts and production reductions are common in many small and medium-sized coal mines. About 70% of coal mines in Inner Mongolia stop production, and coal industry “destocking†continues.
In terms of individual stocks, only two stocks fell in the sector, most stocks closed up, and many stocks rose well, with Longyu fuel up 4.45%, Love up 4.02%, Mejin energy up 3.99%, Energy up 3.23%, Jinrui Mining rose 3.07%. Baihuacun, Sichuan Shengda, Jingyuan Coal, Lanzhou Branch, Shanxi Coking, and Xindazhou A both rose by more than 2%; in addition, Suizhong Energy, Yangquan Coal, Baotailong, Yanhua Energy, and Zhengzhou Coal and Electricity Co., Ltd. Several stocks rose by more than 1%. Falling stocks for Yincheng Mining and Coal Gasification fell 0.55% and 0.27% respectively.
According to a report issued by the Ministry of Commerce, last week, the price of raw coal was flat, and it was back to a steady state trend after six consecutive weeks. According to the analysis of the Ministry of Commerce, the main reason is that small and medium-sized coal enterprises in Shanxi, Inner Mongolia and other places have started to cut production and inventory has continued to decline. Qinhuangdao port coal inventories last week was 6.73 million tons, down 7.2% from the previous week and 29.6% from the middle of June. International coal prices rebounded. In mid-August, the thermal coal FOB of Newcastle, Australia, was US$89/ton, which was 4.7% higher than that in mid-July. At present, the demand for downstream thermal power and other industries is relatively weak, and coal prices are expected to operate at a low level in the later period. Comment: More and more news confirms that coal prices are bottoming out. Stabilize or just in the near future. Institutional monitoring showed that the port thermal coal has been flat for three consecutive weeks.
According to a survey conducted by the reporter of “Daily Economic News†in Liulin County, an important production area of ​​high-quality coking coal in China, it was found that the coal trains on the trunk line of vehicles that used to be a continuous stream of vehicles in the past were rarely seen on the trunk roads, and individual coal mines were even shut down. . From the upstream production companies to the transport fleets in the middle to the downstream coal companies, the entire industry chain has gradually emerged. Comment: According to monitoring, the current production cuts and production reductions are common in many small and medium-sized coal mines. About 70% of coal mines in Inner Mongolia stop production, and coal industry “destocking†continues.
Fiberglass Measuring Tape,Fiberglass Tapes Measure,Fiberglass Tape Measure,Plastic Fiberglass Measuring Tape
Shangqiu Hengli Measuring Tools Co.,Ltd , https://www.jjmtools.com