The price of thermal coal has soared to its highest level in over a year, HDECL has achieved two consecutive limit-ups

On March 11, the price of thermal coal surged to its highest level in over a year, with HDECL hitting the daily limit for two consecutive days, and other coal stocks such as China Coal Energy and Gansu Energy Chemical also rising. The escalation of military conflicts in the Middle East has posed challenges to the global energy supply chain. Analysts believe this is the largest external shock since the Russia-Ukraine conflict in 2022, with strong bullish sentiment in the market, and high volatility and high prices are expected to persist. Research reports from Dongzheng Futures and Huaxi Securities indicate that the geopolitical situation will continue to impact energy prices