HK Stock Market Move | Some coal stocks have further expanded their gains, Indonesian mineral traders have temporarily suspended the export of spot coal, institutions are optimistic about overseas layout coal companies.

Some coal stocks saw a further increase in the afternoon, as of the publication, YANCOAL AUS (03668) rose by 11.05% to 34.98 Hong Kong dollars; KINETIC DEV (01277) rose by 8% to 1.89 Hong Kong dollars; CHINA QINFA (00866) rose by 2.87% to 4.3 Hong Kong dollars. According to reports, Indonesian mining officials said on Tuesday that due to the Indonesian government's plan to significantly reduce production, the country's miners have suspended the export of spot coal. Indonesia's production quota issued to major miners last month has been reduced by 40% to 70% compared to 2025 levels as part of the country's plan to boost coal prices. Indonesia's major industry association has opposed this move, warning that it may lead to layoffs and mine closures. Guosheng released a research report stating that the key focus of the coal market this year is overseas, rather than domestic. Only when there is a black swan event in the overseas market, will there be room for imagination in coal prices to completely open up. The aforementioned black swan events may be more related to the increase in US demand and the decline in Indonesian production/export. The bank believes that coal companies that directly sell overseas will benefit more. Key focus on coal companies that have a layout overseas: CHINA QINFA (layout in Indonesia), KINETIC DEV (layout in South Africa), YANCOAL AUS (layout in Australia).