According to the WiseNews app, as of the time of publication, Yancoal Aus (03668) rose nearly 3%, and as of the time of publication, rose 2.80% to HKD 33.05, with a turnover of HKD 18.85 million.

Shanxi Securities stated that the May coal supply and demand data basically met expectations, and the demand side is expected to improve in the future. The coal production safety supervision is strict and normalized, coupled with maintenance increases, the increment of coal supply in production areas is limited. The Shanxi Conference has fuelled expectations of restarting production, and the daily output may improve subsequently. As for demand, the overall weakening of high temperatures has limited electricity load boost. The non-electricity industry is still in the stage of replenishing warehouses in May. However, at the same time, new energy, and the increase in output of southern hydropower have affected the increment of coal demand. The port's coal inflows continue to be greater than outflows, and inventory has increased. Under these comprehensive influences, the domestic port thermal coal prices rose slightly compared to the previous period.

As a whole, the bank believes that it will be difficult to further ease the coal supply and demand relationship in 2024. With the arrival of the peak summer season, it is expected that there is little room for further downward coal price adjustment in the domestic market. In addition, there are still marginal improvement expectations for policies related to stabilizing the economy, such as real estate and infrastructure, and the demand for coal is relatively strong.