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Huatai Securities: Q2 2025 Could Signal Performance Trough for Leading Coal Companies
2025-08-08 /
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Author：小编
There is a general consensus in the market anticipating a short-term rise in coal prices, though opinions diverge regarding the trend during the off-season, which could influence the negotiation prices for long-term agreements in the upcoming year. Despite the absence of supply shocks, the third quarter is expected to witness a tighter supply-demand balance compared to the previous quarter, fueled by heightened coal consumption. This is poised to underpin a rebound in coal prices. Calculations suggest that the second quarter of 2025 could mark the nadir in performance for leading coal enterprises.
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