Zhongjin: The central price of coal may slightly decrease year-on-year next year

Jinshi data news on December 3, Zhongjin Research Report said that looking forward to 2025, we believe that coal is expected to maintain supply and demand balance. Although the central coal price may slightly decrease year-on-year, it still remains at a historically relatively high level, supporting the industry’s fundamentals. It is expected that the industry’s overall ROE will remain above 10% under low leverage (with an interest-bearing debt ratio of about 30%), and the zone has investment value, as well as phase trading opportunities.