Anyuan Coal Industry Group Co Ltd

On August 27, the coal mining sector rose 3.05% during trading, with constituent stocks such as Jiangwu Equipment, Haohua Energy, Huayang Shares, Yankuang Energy, and Jinneng Holding Coal Industry leading gains. In terms of news, the China Coal Transportation and Distribution Association stated that overall coking coal prices in September are prone to rise but hard to fall, and nine institutions are unanimously bullish on the coking coal market for September 2026, with a quantified average strength model reading of 1.017, the highest since 2026 began. The association cautioned that the highly consistent tight market expectations warrant vigilance against market shifts under consensus expectations. Shenwan Hongyuan Research noted that in 2026 the coal industry will undergo deep supply-side optimization, while demand-side resilience of coal-fired power peak shaving becomes more prominent, and chemical coal demand is expected to remain buoyant throughout the year. Cinda Securities research argued that China's coal output will enter a peak plateau period during the 15th Five-Year Plan, remaining at a high level of 4.78 billion tonnes by 2030, providing long-term demand support for the coal mining machinery industry.

On August 6, the coal mining concept rose 3.06% during the session. Haohua Energy and Jiangwu Equipment hit the daily limit up, while Huaibei Mining, Jinneng Holding Coal Industry, and Yankuang Energy gained over 5%. A research note from Changjiang Securities pointed out that the coal industry faces a window for capacity reduction in 2026, with effective thermal coal supply expected to decline 1.9% year-on-year to 3.806 billion tonnes. Short-term supply is under pressure, while policy efforts to curb excessive competition through overproduction checks are helping stabilize coal prices. In the first half of 2026, the average thermal coal price at Qinhuangdao Port rose 13.2% year-on-year to 767 yuan per tonne. A separate note from Shenwan Hongyuan Securities noted that the coal industry's supply-demand structure is undergoing a structural adjustment in 2026. Coal consumption for power generation is expected to grow 3.0% to 2.997 billion tonnes, while coal use in the chemical sector is set to surge 20.0% to 516 million tonnes, becoming the main source of incremental demand. Meanwhile, coal consumption in steel and building materials is expected to remain flat or decline. On the supply side, domestic commercial coal output is forecast to edge up 0.8% to 4.516 billion tonnes, with net imports narrowing to 440 million tonnes. Overall supply is tight, and the industry will enter a destocking cycle, with theoretical inventories projected to fall by 184 million tonnes. The coal price center is expected to find support.