Supply and demand of all kinds of details are changing, which is the main influencing factor of price fluctuation.

For example, the substitution of some other supplies will weaken the demand in the original direction and make the supply surplus; The transfer of some demand also leads to oversupply, and vice versa.

For example, the negative impact of new energy on coal and natural gas. Positive effects of electric vehicles on metals such as lithium, cobalt and nickel.

In addition to the supply and demand relationship of fundamental commodities, the game impulse of market funds also has an important impact in the short and medium term.

The market tends to amplify the positive and negative. The more abundant the funds, the more violent the fluctuations, and the greater the influence of speculative factors.

Sometimes even game factors dominate a market. This is a decision-making problem for market participants.

Futures margin trading will also cause exaggerated price fluctuations, which requires a certain degree of tolerance.