A Chinese institutional broker note dated September 27, 2026, reports that thermal coal prices rose to 988 yuan/ton, up 9 yuan week-over-week, due to stronger power demand and supply constraints. The note highlights coking coal prices at 2,640 yuan/ton and lists preferred coal stocks.
Coal prices are climbing on robust demand and supply tightness, making coal stocks a potential winning bet for Q4 2026.
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