Movement Alert|China Coal Energy Falls 3.5% in Regular Trading, Geopolitical Premium Fading and Weak Output Data Weigh on Coal Sector

Market Focus
Jun 25

On June 25, China Coal Energy fell 3.5% in regular trading, trading at HKD 10.48/share, with turnover of HKD 12.91 million.

On the news front, the US-Iran agreement to fully open the Strait of Hormuz has driven a rapid retreat in geopolitical risk premiums, while coking coal futures slumped and elevated Mongolian coal customs clearance volumes capped upside for coal prices, putting sustained pressure on the coal sector. The company reported May commercial coal output of 10.81 million tons, down 9.2% year-over-year, with cumulative commercial coal sales of 98.31 million tons, down 8.1% year-over-year, reflecting weak fundamentals.

Within the Coal and Consumable Fuels sector, selling pressure was broad-based. Among individual stocks, Yankuang Energy fell 5.31%, CGN Mining fell 4.06%, China Qinfa fell 4.0%, Yancoal Australia fell 3.75%, and China Shenhua fell 2.67%.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Most Discussed

  1. 1
     
     
     
     
  2. 2
     
     
     
     
  3. 3
     
     
     
     
  4. 4
     
     
     
     
  5. 5
     
     
     
     
  6. 6
     
     
     
     
  7. 7
     
     
     
     
  8. 8
     
     
     
     
  9. 9
     
     
     
     
  10. 10