According to the Wisdom Financial APP, coal industrial concept collectively declined. As of the time of release, Mongolia Energy (00276) fell by 9.59% to HK$0.66; Mongol Mining (00975) fell by 5.61% to HK$8.58; Yankuang Energy (01171) fell by 4.21% to HK$9.79; China Coal Energy (01898) fell by 2.62% to HK$9.29; China Shenhua Energy (01088) fell by 2.24% to HK$32.75.

Haitong Int'l released research reports indicating that this week, daily coal consumption by power plants has increased slightly, but the national temperature is warmer than the same period last year, limiting the increase. However, as temperatures gradually decrease, demand is expected to enter a coal consumption peak. It is predicted that the short-term thermal coal price may fluctuate but with limited downward space. It is still necessary to pay attention to the actual release of demand driven by economic recovery and macro policies. Focus on the impact of safety supervision on production in the main producing areas.

The bank pointed out that pig iron production remains stable, with rigid demand still supportive. However, considering that downstream demand is entering the off-season soon, coke may be under short-term pressure, but the decline is limited. As for coking coal, due to the slowdown in downstream procurement pace and relatively sufficient production supply, coking coal prices continue to fall, with short-term narrow fluctuations expected. However, in the medium term, considering that coking coal downstream inventory remains at a low level, if there are marginal improvements in demand or event-driven elasticity on the supply side, expectations can be placed on the late-stage attention to the situation of the terminal demand in the industry chain and the progress of steel mill inventory replenishment.