Jinwu Financial News | Coal stocks rise overall, GREEN LEADER (00061) up 3.13%, KINETIC DEV (01277) up 2.76%, YANCOAL AUS (03668) up 2.7%, SHOUGANG RES (00639) up 1.89%, China Coal Energy (01898) up 1.01%, YANKUANG ENERGY (01171) follows suit.
According to the Central Meteorological Administration, from the 11th to the 14th, a strong cold air mass will affect most areas of China, and from the 15th to the 16th, the minimum temperature will drop to the Yangtze River's middle and lower reaches.
A relevant person in charge from the National Energy Administration introduced that since the beginning of this year, advanced Coal production capacity has been released in an orderly manner, domestic output has stabilized and increased, imports have risen sharply, inventories have remained at a high level, and prices have continued to stay within a reasonable range and gradually decreased. The coal supply and demand situation shows characteristics of "three highs and one drop," providing strong support for ensuring heating and supply during winter peaks. Currently, the national coordinated power plant coal stock remains steadily above 0.2 billion tons, setting new highs since the winter peak began, recently reaching 0.23 billion tons, an increase of nearly 20 million tons year-on-year, and usable for more than 30 days.