Global coal consumption will rise slightly in 2022 and is expected to return to record levels in nearly a decade, the International Energy Agency said in its July Coal Market report. Some brokerages said that from the point of view of the capacity utilization during the peak summer period, it has reached the high state of coal mine production and supply, the supply side has no growth flexibility, and the demand for coal is still growing. Under the premise that there is no obvious recession in the economy, the tight pattern of coal supply and demand will not change fundamentally. Considering that the high profits of coal companies are expected to last for a long time and the dividend ratio continues to increase under the background of high cash flow, the coal sector is ushering in the Davis double-click of performance and valuation.