CITIC Securities: Domestic coal prices are expected to gradually enter an upward trend, with price increases having sustained momentum.

MetaMuskRat · 2026-03-23T00:11:14+00:00

People Finance News, March 23 – A CITIC Securities research report states that the ongoing Middle East geopolitical conflict has exceeded three weeks, with overseas oil and gas prices demonstrating sustained upward momentum. Although domestic and international coal prices have shown weakness, CITIC Securities believes that as the conflict persists and energy prices transmit through the economy, domestic coal prices are expected to gradually enter an uptrend with sustained price increases. CITIC Securities remains bullish on the sector and recommends companies with coal chemical business, companies with relatively valuation advantages, while also suggesting investors pay attention to companies with overseas coal resource investments.

MetaMuskRat

2026-03-23 00:11:14

People’s Financial News, March 23 — CITIC Securities research report states that the current Middle East geopolitical conflict has lasted over three weeks, and the increase in overseas oil and gas prices has shown good sustainability; although domestic and international coal prices are relatively weak, CITIC Securities believes that as the conflict continues and energy prices transmit, domestic coal prices are expected to gradually enter an upward trend, with price increases being sustainable. CITIC Securities remains optimistic about the sector, recommending companies with coal chemical businesses, companies with relatively advantageous valuations, and also paying attention to overseas companies with coal resource layouts.

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