Guotai Asset Management flags summer-driven rebound in China spot coal prices, lifts sector stocks

• Guotai Asset Management flagged a rebound in China’s spot thermal coal prices, driving a sharp rally in coal equities.
• Port thermal coal slid to CNY 792/ton from CNY 863/ton since late June; Qinhuangdao Q5500 showed early stabilization.
• Oil surged more than 9% in the prior session, reviving fuel-substitution trades and lifting broader resource-sector sentiment.
• Summer demand signals improved as power-plant coal burn rose with the end of the rainy season and higher temperatures.
• Upside depends on peak-summer weather, daily coal burn, and port and utility inventories; supply constraints remain a key support.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Guotai Asset Management Co. Ltd. published the original content used to generate this news brief on July 14, 2026, and is solely responsible for the information contained therein.