[Changjiang Cycle] Global Energy Weekly High-Frequency Tracking

English summary

Key summary: This week, price gains for thermal coal at Chinese ports and Australia's Newcastle slowed; China & India terminal inventories continued to decline. Going forward, focus on supply trends from production areas, daily consumption demand, and the pace of phased restocking under low inventories. Separately, domestic and international electricity prices were softer MoM this week; Brent and Asian/European natural gas prices continued to rise; Strait of Hormuz transit volumes remained low. Watch summer water inflows, US-Iran developments, US crude supply changes, and terminal inventory trends. # Changjiang Energy supply chain covers four core sectors: coal, power, petrochemicals, and transportation # # Weekly frequency, data-anchored, close tracking of every energy pulse #