The Zhitong Finance App learned that coal stocks continued to decline. As of press release, China Shenhua (01088) fell 3.17% to HK$40.28; Yankuang Energy (01171) fell 3.00% to HK$10.34; China Coal Energy (01898) fell 1.81% to HK$9.775; and Shougang Resources (00639) fell 1.72% to HK$2.57.

According to the news, according to the Shanxi Provincial Energy Administration, Shanxi Province has profoundly learned the lessons of the accident and coordinated high-quality development and a high level of safety. Up to now, 220 coal mines have been rectified and successfully resumed work and production. Raw coal production continues to rise, and the positive trend of stable production and stable supply continues to consolidate. Since the Provincial Coal Safety and Stable Supply Promotion Conference was held on September 26, the pace of coal mine resumption of work and production has accelerated markedly, and raw coal production has continued to rise.

Guohai Securities pointed out that the tight supply pattern continued in September. Looking ahead, supply under guarantee will increase sequentially, but the speed and height of supply release remains to be seen when safety is also important. Considering the current opening of winter storage and resilient demand for non-electricity, port coal prices are expected to be mainly stable. We expect coal prices to operate at a good level in the fourth quarter.

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