According to the report on the Zhitong Finance APP, most coal industry stocks fell. As of the time of publication, Nan Nan Res (01229) fell by 4.85%, reporting HKD 0.157; Yankuang Energy (01171) fell by 3.9%, reporting HKD 11.24; China Coal Energy (01898) fell by 3.28%, reporting HKD 9.13; Shougang Res (00639) fell by 1.9%, reporting HKD 3.1.

According to China Coal Market Net, the prices for coal in the Yulin area have slightly fallen, despite shrinking supply expectations in the later half of the month. However, as demand remains weak, the pithead inventory accumulates. The Erdos area has been negatively influenced by decreased demand and lowered purchasing prices, along with a strong bearish market sentiment. The Jinbei area continues to experience decreased trade activity, with some coal mines taking advantage of this market environment to slightly reduce prices. At ports, demand remains stagnant, with few inquiries and low bid prices making transactions difficult.

According to Zhongtai Securities, since June, coal prices have remained weak due to the impact of hydropower, cooler rainy season weather, and fluctuations. Looking ahead, the bank believes that thermal coal prices will continue to experience high-level fluctuations without a significant drop due to: 1) the daily consumption of power plants still increasing and continued demand improvement; and 2) the railway preferential policies expiring, resulting in further price inversion between production areas and ports.