Changes in Hong Kong stocks | Coal stocks are rising against the market, and the country's oil prices soar, boosting demand for alternative energy, agencies say there is room for a new round of increases in coal prices

The Zhitong Finance App learned that coal stocks rose against the market. As of press release, Yancoal Australia (03668) rose 3.7% to HK$30.24; Yankuang Energy (01171) rose 3.1% to HK$10.97; Power Development (01277) rose 2.56% to HK$1.6; and China Shenhua (01088) rose 1.73% to HK$42.26.

According to the news, due to the continuing escalation of the US-Iran conflict, international oil prices have soared, boosting expectations for coal demand as an alternative energy source. According to the Zhongtai Securities Research Report, coal prices increased significantly year-on-year from January to June 2026, showing an overall trend of strengthening month by month. With a marginal improvement in supply and demand in the second half of 2026, coal prices are expected to fluctuate and strengthen amid seasonal fluctuations.

CITIC Securities, on the other hand, said that coal prices have loosened recently, mainly because short-term demand is weaker than expected, but subsequent coal prices will still show peak season effects. On the supply side, safety supervision continues to affect the pace of production, and the overall supply of the industry is still tight; the demand side gradually returns or expands again with high temperatures, compounded by factors such as El Niño weather, and there is room for a new round of increases in coal prices. The current sector trend is at a low level during the year. Subsequent improvements in fundamentals are expected to further drive a rebound in the sector. Companies with good thermal coal performance elasticity and low P/B in the metallurgical coal sector will continue to be recommended.