On June 26, China Coal Energy fell 3.19% in regular trading, trading at HKD 10.06/share, with turnover of HKD 69.30 million.
On the news front, the US-Iran agreement to fully open the Strait of Hormuz has led to a rapid dissipation of geopolitical risk premiums. Combined with a sharp decline in coking coal futures and elevated Mongolian coal customs clearances suppressing coal price upside, the coal sector has been under sustained pressure for multiple consecutive sessions.
On the fundamental side, the company reported May commercial coal production of 10.81 million tons, down 9.2% year-over-year, while cumulative commercial coal sales reached 98.31 million tons, down 8.1% year-over-year, indicating persistent operational weakness. Within the Coal and Consumable Fuels sector, CGN Mining fell 4.25%, Kinetic Development fell 3.25%, Yankuang Energy fell 1.28%, and China Shenhua fell 0.79%, reflecting broad-based sector selling pressure.
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