GF Securities: Regional Coal Supply Tightens, Coal Prices Expected to Stabilize, Sector Benefits from Strong Valuation and Dividend Yields
2025-09-01 / Read about 0 minute
Author:小编   

Since July, prices for various types of coal have witnessed a notable surge, primarily driven by a slightly tightened supply-demand equilibrium. Despite recent price fluctuations, enhanced safety supervision and inspections aimed at curbing overproduction have constrained supply growth. Consequently, coal prices are anticipated to stabilize and possibly rebound, maintaining a steady yet slightly robust stance throughout the fourth quarter. Leading companies in the sector boast impressive cost control and robust profitability. With both volume and price on the rise in the second half of the year, these firms are poised to see improvements in both valuation and profits. Notably, the sector stands out with its significant advantages in both valuation and dividend yields.