It is the least spoken when it comes to Coal in the controversy. Investors see the relatively strong performance of coal stocks that recently appeared. The main stock exchange traded fund (ETF) has risen more than 13% since March 11.
We believe that the market has the industry policy support and longer-term development potential of the plate and the stocks is the key for profitable investment, coal sector is expected to receive funds from the market in the long term. Currently in the domestic a-share listed coal companies are leading enterprises in the region. Besides, according to the coal industry policy, breaking the regional, industry and ownership boundaries with resources, assets, through the combination and merger and reorganization of small and medium-sized coal mine to develop large coal enterprise groups.
Although international coking coal price has been adjusted in the short-term, the domestic coal prices in 1 quarter after seems to be rising slightly weak and still in a rising channel in the medium and long term.
Power coal shipments of the world's biggest producer of glencore expects that thermal coal demand growth will exceed supply growth once again from 2015, thus pushing up prices. Glencore's chief financial officer Steven Kalmin has said that the recent thermal coal prices seem to have hit bottom, stabilization and slightly rebounded.
