CITIC Securities forecasts its tracked sample of listed coal firms will report average Q2 2026 net profit growth of about 31% QoQ and roughly 19% YoY in 1H 2026. It expects coking-coal and anthracite producers to show stronger earnings elasticity. Although coal prices have softened short term, seasonal peak demand should push prices up; against a backdrop of supply contraction, CITIC expects the Q3 supply-demand balance to further improve, supporting coal prices and continued QoQ sector earnings

2026-07-08

CITIC Securities forecasts its tracked sample of listed coal firms will report average Q2 2026 net profit growth of about 31% QoQ and roughly 19% YoY in 1H 2026. It expects coking-coal and anthracite producers to show stronger earnings elasticity. Although coal prices have softened short term, seasonal peak demand should push prices up; against a backdrop of supply contraction, CITIC expects the Q3 supply-demand balance to further improve, supporting coal prices and continued QoQ sector earnings growth. It recommends names with high earnings elasticity and metallurgical-coal producers with relatively attractive valuations.