Coal Ranks 11th as Crude Oil Supply Concerns Heighten Interest

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Tue Mar 31, 2026 12:20 pm JST Feature

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In the "Popular Theme Rankings" compiled by Minkabu and Kabutan, "Coal" has ranked 11th.

Amid a situation where the military attacks on Iran by the United States and Israel show no signs of resolution, concerns are growing over a surge in crude oil prices against the backdrop of heightening tensions in the Middle East. WTI crude oil futures rose to the $106 per barrel level in after-hours trading, with cost-push inflation concerns continuing to weigh on the global economy. If the de facto blockade of the Strait of Hormuz, a critical chokepoint for oil transportation, persists, further increases in crude oil prices are anticipated, potentially triggering risk-averse selling in the stock market.

Under these circumstances, policy support for coal-fired power generation has attracted attention as an investment theme. On the 27th of last week, it was reported that the Ministry of Economy, Trade and Industry plans to lift operating restrictions on coal-fired power generation for fiscal year 2026. With growing supply concerns over oil and LNG, the aim is to utilize coal, which can be procured from outside the Middle East, as an energy source for power generation. Prime Minister Sanae Takaichi has also stated via social media that "to ensure thorough preparedness, we will increase coal-fired power generation operations and conserve LNG usage." Against the backdrop of policy initiatives, coal-related stocks are susceptible to price stimulation, with some issues already showing active movement.

TAIHEIYO KOUHATSU INCORPORATED <8835>, which has rapidly gained popularity recently, surged again today, jumping as much as 22% to \1,545 at one point. Meanwhile, NIPPON COKE & ENGINEERING CO., LTD. <3315>, which moved softly today but is positioned at an ultra-low price level near \120, continues to be watched. Similarly, Sumiseki Holdings, Inc. <1514> is also a stock that cannot be overlooked. In addition, general trading companies such as Mitsubishi Corporation <8058>, MITSUI & CO., LTD. <8031>, and Sojitz Corporation <2768> also have significant room for active performance.

Source: MINKABU PRESS