Natural gas is the continuous price index of natural gas in that month. The highest record is 82. Has fallen to the lowest 19.89. It can be seen that in this round of coal price increase, natural gas price increase is only one of the reasons, so even if natural gas price falls, it is estimated that coal price will not fall too much in the short term. What's more, since yesterday, natural gas futures prices have started to rise again. 10 6 18, many media reported that Russia will continue to restrict the supply of natural gas to Europe next month, which means that Russia refused to increase the supply of natural gas to Europe in June 1 10, although it said it was ready to help Europe stabilize the natural gas market.

First, increase the demand for coal.

After 202 1 year, with the gradual alleviation of the global epidemic, the increasing popularity of vaccines in novel coronavirus, the global production and life gradually returned to normal, the economies of various countries gradually increased, and the global energy demand began to recover. Therefore, in the context of the gradual recovery of the global economy, the demand for coal is also rising, and it is normal for coal prices to rise accordingly.

Second, due to the rising global liquidity prices.

Since March 2020, with many central banks around the world starting to implement loose monetary policies, especially the Federal Reserve's unlimited QE, and the US government's launch of two quantitative stimulus plans, market liquidity has continued to increase. Under the background of increasing capital, a large amount of capital flows into the commodity market. Therefore, since March 2020, the prices of many global commodities, including oil, coal, copper and other raw materials, have risen sharply, and the price increase of some commodities has even exceeded 100%.

To sum up, with the gradual normalization of the global economy, under the background of relatively rapid economic growth and increasing inflationary pressure, many countries around the world may continue to tighten their currencies or even raise interest rates from 2022, when global liquidity will decrease. Once global liquidity tightens, the funds in the market will decrease, and the funds flowing into the commodity market will also decrease. At this time, many funds will choose to sell at a high level, and the rest may lead to a sharp drop in commodity prices.