Yankuang Energy (01171) fell nearly 4%. As of press release, it was down 3.6% to HK$16.58, with a turnover of HK$742 million.
The Zhitong Finance App learned that Yankuang Energy (01171) fell nearly 4%. As of press release, it was down 3.6% to HK$16.58, with a turnover of HK$742 million.
According to the news, Yankuang Energy will disclose its results for the first quarter of 2024 today. It is worth noting that judging from the first-quarter report cards recently disclosed by various listed coal companies, the performance of many companies was poor. The performance of coal stocks, including Shanxi Coking, Shenhuo Co., Ltd., and Orchid Science and Technology Innovation all showed a significant downward trend.
According to data from the China Coal Market Network, the average spot price of 5,500 kcal thermal coal in the port in the first quarter of 2024 was about 903 yuan/ton, down about 20.29% from 1,132 yuan/ton in the same period last year, and down about 5.94% from 960 yuan/ton in the fourth quarter of '23. The average price increase for coking coal produced in Shanxi was 2,416 yuan/ton in the first quarter of '24, down 5.65% from the previous quarter.