On December 26, 2023, the three major A-share stock indexes opened lower. Wind data showed that the Shanghai Composite Index opened down 003% to 291797 points;The Shenzhen Component Index fell 009% at 924807 o'clock;The GEM index fell 016% at 182856 points. Among the first-class industry sectors of Shenwan, coal, media, building decoration and other sectors are among the top gainersSectors such as national defense and military industry, comprehensive, and communications were among the top decliners.
Related ETF sector, Resources ETF (510410) intraday**, as of now, **047%, actively traded. Among the constituent stocks, Orchid Science and Technology led the rise of more than 7%, China Coal Energy rose more than 3%, and Yankuang Energy and Guangsheng Nonferrous Metals rose more than 2%.
On the news side, on December 20, 2023, the Customs Tariff Commission of the relevant department issued the "Announcement of the Customs Tariff Commission on the Tariff Adjustment Plan for 2024" According to the announcement of the Customs Tariff Commission of the relevant departments on March 24, 2023, from April 1, 2023 to December 31, 2023, a provisional import tariff with a tax rate of zero will be implemented on coal, which means that from January 1, 2024, China's coal import tariff may be restored.
Everbright** said that if tariffs are reinstated, the coking coal imports involved (January-November) will account for 18 percent of domestic production8%。The last time zero tariffs on imports were lifted was in 2014, and in 2015 there was a significant decline in coal imports.
In this context, the supply of coking coal will be limited in 2024, but the demand may still grow, and the fundamental pattern of coking coal is better.
The Resources ETF (510410) tracks the SSE Natural Resources Index, which is composed of 50 natural resources with the largest and better liquidity in the Shanghai Stock Exchange, covering most of the high-quality resource companiesNon-ferrous metals, petroleum and petrochemical, coal and other industries account for a relatively high proportion.
The content and data are for reference only and do not constitute investment advice. AI technology strategy is provided for Youlian Cloud.