HK Stock Market Move | Coal stocks rose at the end of the day, with the increase expanding. New standards for the clean and efficient use of coal have been introduced. Coke and coal futures surged today.

Coal stocks expanded their gains in the final trading session. As of the time of writing, Yankuang Energy Group (01171) rose by 2.23% to HK$10.09, China Shenhua Energy (01088) rose by 1.98% to HK$39.22, China Coal Energy (01898) rose by 1.56% to HK$10.4, and E-COMMODITIES (01733) rose by 1.1% to HK$0.92. On the news front, on December 18th, both coking coal and coke futures contracts rose by over 6% during the trading session. It is reported that on December 17th, the National Development and Reform Commission and five other departments jointly issued the "Benchmark and Baseline Levels for Clean and Efficient Use of Coal in Key Areas (2025 Version)". Compared to the 2022 version, there are tighter restrictions on coal consumption in coal-fired power generation, which could increase demand for high-quality coal and potentially lead to expectations of tight supply for high-quality coking coal. Shanxi released a research report stating that attention should be paid to the profit recovery of the coal sector. The cold wave is approaching, and the peak season demand provides some support. There are expectations for improvement in the fourth quarter performance, and if prices remain high in the long term, there is still a large space for performance recovery in 2026. The decline in stock prices strengthens the dividend value, making it a good time for low position allocation.