On June 30, China Coal Energy fell 3.29% in regular trading, trading at HKD 9.99/share, with turnover of HKD 35.45 million.
On the news front, the US-Iran agreement to fully open the Strait of Hormuz has led to a rapid unwinding of geopolitical risk premiums, putting international energy prices under pressure. Concurrently, northern port thermal coal prices continue their downward trend, with price centers across all coal grades shifting lower. The broader weakness in the ferrous metals complex has further dragged down the coal sector.
On fundamentals, the company reported May commercial coal production of 10.81 million tonnes, down 9.2% year-over-year, while cumulative commercial coal sales volume declined 8.1% year-over-year, reflecting persistently soft operational data. Within the Coal and Consumable Fuels sector, the overall decline is broad-based, with China Shenhua down 0.92%, Yankuang Energy down 2.32%, Yancoal Australia down 2.17%, CGN Mining down 3.57%, and Kinetic Development down 1.96%.
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