The Zhitong Finance App learned that Yancoal Australia (03668) rose more than 3%. As of press release, it had risen 3.65% to HK$34.06, with a turnover of HK$7.8341 million.

According to the news, Yancoal Australia recently disclosed operating data for the third quarter. According to the Sino-Thai International Research Report, the company's 26Q1-Q3 equity coal production increased 3.5% year on year to 29.2 million tons, of which Q3 output was 9.4 million tons, down 13.0% from Q2 production of 10.8 million tons, mainly due to the Moolarben (Moolarben) mine's planned longwall relocation (longwall relocation), but the mine resumed normal production in September. Coal sales in 26Q3 fell 15.9% year on year to 9 million tons, but sales in the first three quarters still rose 5.5% year on year to 28.8 million tons.

CICC, on the other hand, said that as of mid-October, the price of thermal coal in Newcastle was close to the highest point for the whole year, and the price of API5 thermal coal hit a new high since May 2023. The bank determined that overseas thermal coal prices in the fourth quarter may have remained high against the backdrop of record high natural gas prices and boosted demand for coal and electricity. At the same time, with the gradual resumption of production at the Moraben coal mine, the bank believes that the company's overall production and sales are expected to increase, and the sharp rise in volume and price is expected to drive the company's profit flexibility.

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