On June 18, COSCO SHIPPING Energy (01138.HK) fell 3.28% in regular trading, trading at 15.95 HKD/share, with turnover of 142 million HKD. The stock has experienced dramatic volatility following the US-Iran peace agreement news, surging over 18% on June 15, retreating nearly 9% on June 16, and rebounding over 5% on June 17 before resuming its decline.

On the news front, the US-Iran peace agreement is scheduled for formal signing on June 19, solidifying expectations that the Strait of Hormuz will resume normal navigation. The market is concerned that once the strait reopens, crude oil transportation distances will shorten and ton-mile demand will decline, with previously supportive rerouting premiums and war risk premiums expected to fully dissipate. Institutions estimate that Iranian crude exports resuming, combined with OPEC+ output increases, could push global oil supply back into surplus within one month, further pressuring shipping cargo expectations.

However, JP Morgan recently reiterated its Overweight rating with a target price of 27 HKD, arguing that strait reopening will normalize crude procurement and inventory rebuilding, thereby boosting tanker demand. BlackRock also recently increased its H-share stake to 10.27%.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)