I know Yancoal is not the only coal miner with a strong China association but recent sentiment about China growth could be playing a role: from: www reuters com / markets / asia / chinas-economy-seen-slowing-q2-stimulus-calls-grow-2024-07-14
BEIJING, July 15 (Reuters) - China's economy grew much slower than expected in the second quarter as a protracted property downturn and job insecurity knocked the wind out of a fragile recovery, keeping alive expectations Beijing will need to unleash even more stimulus.The world's second-largest economy grew 4.7% in April-June, official data showed, its slowest since the first quarter of 2023 and missing a 5.1% forecast in a Reuters poll. It also slowed from the previous quarter's 5.3% expansion.
Her are the figures: current, last, expectation, trading economics' estimate
YAL Price at posting:
$6.91 Sentiment: Hold Disclosure: Held
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