GLONGHUI, September 26 | Morgan Stanley issued a technical opinion report. It is believed that the stock price of Shougang Resources will rise within 60 days, with a probability of occurrence of more than 80%. The bank gave Shougang Resources a target price of HK$3.79, and the rating was “increase in holdings”. Damo expects domestic coking coal prices to rise in the near future. The reason is that production was stopped after a major accident occurred at the Shanjiaoshu Coal Mine in Guizhou, which has an annual production capacity of 3.1 million tons under Panjiang Co., Ltd. on September 24. According to the announcement, the company has carried out a mine inspection, which the bank believes will cause production to be interrupted. However, the bank's investigation of local producers showed that all coal mines in the district had suspended operations.