Datang Power rose by more than three percentage points, with the power sector strengthening in line with expectations for electricity demand and capacity tariffs; Yankuang Energy and China Shenhua both fell slightly, with coal continuing to face pressure in a weak thermal coal price environment😪
Also classified under traditional energy, thermal power and coal moved in opposite directions today. The demand side for electricity has the narratives of AI and high temperatures, while the supply side for coal remains oversupplied.
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