CITIC Securities: Optimistic about coal prices in Q2; the sector is expected to kick off a new round of market rally

MetaMuskRat · 2026-04-08T00:30:17+00:00

CITIC Securities forecasts that in the first quarter of 2026, the net profit of listed coal companies will increase by 2.2% year-on-year. Thermal coal companies will see slight growth, while metallurgical coal companies will show significant improvement. It is expected that coal prices will rise in the second quarter, benefiting from summer demand release and market expectation changes. The coal sector is likely to initiate a new rally.

MetaMuskRat

2026-04-08 00:30:17

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People’s Finance Network, April 8 (People’s Finance Network) — Citic Securities said that, based on tracked sample coal-listed companies, on a consolidated basis, the year-over-year increase in net profit for Q1 2026 may be 2.2%. Overall, thermal coal companies may see a slight year-over-year increase, while metallurgical coal companies’ overall performance is expected to improve rapidly. Citic Securities is optimistic about coal price performance in Q2. Even if the conflict in the Middle East eases, restoring energy supply will still take time. Combined with the release of seasonal demand for summer in the Northern Hemisphere, domestic and international coal prices may form a synchronized movement in the middle-to-late period of Q2. The effect of rising prices for coal and chemical products in Q2 is also expected to be fully reflected. Once the market forms new catalysts for its expectations of coal prices, the sector is likely to begin a new round of trading activity.

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