The transit coal price rose rapidly. The latest quotes for Datong Youji (6000 kcal), Shanxi Youmix (5500 kcal), and Shanxi Damix (5000 kcal) were 835 yuan/ton, 775 yuan/ton, and 685 yuan/ton, respectively, up from last week. 35 yuan/ton, 30 yuan/ton and 35 yuan/ton.
As for the price of pits in Shanxi, the price of anthracite rose sharply, and steam coal and coking coal were stable. Affected by the continuous rise in domestic urea prices and rising demand for residential heating, anthracite prices rose rapidly. The prices of anthracite-washed blocks in Jincheng and Yangquan areas rose by 85 yuan/ton and 110 yuan/ton respectively from last week.
Coal prices across the country, thermal coal and anthracite prices rose, and coking coal prices remained flat.
International coal prices continue to rise. The latest prices of Australia's ARC steam coal from NEWC Port in Australia, Richard Port in South Africa and Europe's Three Ports were respectively US$100.48/ton, US$96.58/ton and US$103.95/ton, up by US$1.45/ton and US$2.62/ton respectively from last week. 2.19 US dollars / ton.
Qinhuangdao port coal inventory fell slightly. As of October 29, Qinhuangdao coal inventory was 7.659 million tons, a decrease of 223,100 tons from the previous week.
International oil prices and natural gas prices both rose. As of October 29, Brent crude oil was quoted at $83.15/bbl, up $0.19/bbl from last week; HENRY HUB natural gas was quoted at $3.35/Mmbtu, up $0.16/Mmbtu from last week.
Investment suggestions: We continue to recommend coal stocks: On the one hand, inflation expectations push up the valuation of coal stocks; on the other hand, the fundamentals of the industry continue to improve, due to the seasonal factors, the recent rapid rise in domestic thermal coal, anthracite prices, Shanxi excellent Mixed (5500) kcal in October increased by 70 yuan / ton (9.15%), Yangquan washing Zhongli rose 120 yuan / ton (14.8%), we determine the short-term coal prices are still upward momentum. The focus is on recommending Guoyang Xineng (31.60, -1.41, -4.27%) and Lanchuang Kechuang (43.47, -0.81, -1.83%) benefiting from anthracite price increases.
Risk Warning: The US dollar index rebounded sharply and the cold weather was lower than expected.
As for the price of pits in Shanxi, the price of anthracite rose sharply, and steam coal and coking coal were stable. Affected by the continuous rise in domestic urea prices and rising demand for residential heating, anthracite prices rose rapidly. The prices of anthracite-washed blocks in Jincheng and Yangquan areas rose by 85 yuan/ton and 110 yuan/ton respectively from last week.
Coal prices across the country, thermal coal and anthracite prices rose, and coking coal prices remained flat.
International coal prices continue to rise. The latest prices of Australia's ARC steam coal from NEWC Port in Australia, Richard Port in South Africa and Europe's Three Ports were respectively US$100.48/ton, US$96.58/ton and US$103.95/ton, up by US$1.45/ton and US$2.62/ton respectively from last week. 2.19 US dollars / ton.
Qinhuangdao port coal inventory fell slightly. As of October 29, Qinhuangdao coal inventory was 7.659 million tons, a decrease of 223,100 tons from the previous week.
International oil prices and natural gas prices both rose. As of October 29, Brent crude oil was quoted at $83.15/bbl, up $0.19/bbl from last week; HENRY HUB natural gas was quoted at $3.35/Mmbtu, up $0.16/Mmbtu from last week.
Investment suggestions: We continue to recommend coal stocks: On the one hand, inflation expectations push up the valuation of coal stocks; on the other hand, the fundamentals of the industry continue to improve, due to the seasonal factors, the recent rapid rise in domestic thermal coal, anthracite prices, Shanxi excellent Mixed (5500) kcal in October increased by 70 yuan / ton (9.15%), Yangquan washing Zhongli rose 120 yuan / ton (14.8%), we determine the short-term coal prices are still upward momentum. The focus is on recommending Guoyang Xineng (31.60, -1.41, -4.27%) and Lanchuang Kechuang (43.47, -0.81, -1.83%) benefiting from anthracite price increases.
Risk Warning: The US dollar index rebounded sharply and the cold weather was lower than expected.