Dec 06, 2021 08:59 AM (GMT+8) · EqualOcean
Financial Associated Press, Dec. 6, CITIC Securities research report pointed out that the pricing mechanism of Changxie coal was determined in 2022. It is expected that the benchmark price of Changxie coal will be increased from 535 yuan / ton to 700 yuan / ton, and the pricing formula will also be changed. The increase of benchmark price helps to raise the long-term coal price center, and also shows the suppression or slowdown of policy on coal price. After the significant adjustment since mid September, the leading companies have obvious valuation attraction. Under the background of improved sentiment, we expect the sector valuation repair market to be further strengthened during the year.