The CITIC Securities Research Report pointed out that thermal coal prices in Q3 in 2024 fluctuated slightly, and the quarterly long-term price of coking coal was lowered in September. Against the background of weak and stable coal prices, the performance of coal companies was divided, but the performance of some heavyweight companies exceeded expectations, driving the overall performance of the Q3 sector improved month-on-month. Looking forward to the middle and late fourth quarter, under seasonal factors and policy expectations, coal prices are expected to be mainly stable, superimposed on policy factors or promote further interpretation of the dividend style, and the sector may enter a new round of rebound in the short term.
The CITIC Securities Research Report pointed out that thermal coal prices in Q3 in 2024 fluctuated slightly, and the quarterly long-term price of coking coal was lowered in September. Against the background of weak and stable coal prices, the performance of coal companies was divided, but the performance of some heavyweight companies exceeded expectations, driving the overall performance of the Q3 sector improved month-on-month. Looking forward to the middle and late fourth quarter, under seasonal factors and policy expectations, coal prices are expected to be mainly stable, superimposed on policy factors or promote further interpretation of the dividend style, and the sector may enter a new round of rebound in the short term.
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