HK Stock Market Move | Coal stocks rose in the morning session, while coke prices have increased for the first time this year. Institutions are optimistic that coal prices will steadily rise back to a stable level.

Coal stocks rose in the morning session, as of the time of publication, Yankuang Energy Group (01171) rose 6.67% to HK$11.98; YANCOAL AUS (03668) rose 5.84% to HK$33.34; China Coal Energy (01898) rose 4.19% to HK$11.43; KINETIC DEV (01277) rose 4% to HK$1.82; China Shenhua Energy (01088) rose 2.86% to HK$41.78. According to Securities Times, the first round of coke price increases of the year has recently been implemented. Mainstream steel mills in Tangshan have raised wet quenched coke prices by RMB 50/ton, dry quenched coke prices by RMB 55/ton, effective January 30, 2026. Some steel mills in Xingtai and Tianjin have raised wet quenched coke prices by RMB 50/ton, dry quenched coke prices by RMB 55/ton, effective January 30, 2026. Certain steel mills in Shijiazhuang have raised wet quenched coke prices by RMB 50/ton, dry quenched coke prices by RMB 55/ton, effective January 30, 2026. GF Securities believes that daily consumption of thermal coal has remained at a high level recently, and prices are expected to continue to digest at high levels from late January to early February. With the approaching Spring Festival, overall supply is expected to shrink, and coal prices are expected to remain stable overall. The successful implementation of the first round of coke price increases, coupled with improved downstream purchasing sentiment, is expected to lead to stable and rising coke prices. The bank believes that in 2026, the growth rate of the supply side is expected to decrease significantly compared to the previous period, and considering that demand in 2025 was restricted, there is room for improvement in 2026. The bank predicts that coal prices will steadily rise in the near future.