Why doesn't anyone trade thermal coal futures?

1.

Thermal coal has the property of "natural monopoly product", which is the root of futures decline. On the surface, the direct reason why thermal coal futures are in the current predicament lies in strong policy intervention. As the main fuel for power generation, thermal coal is closely related to the production and operation of the downstream power industry, thus bearing some attributes of monopoly products, which is most directly reflected in the pricing model.

2.

Generally speaking, because monopolistic products have the characteristics of "monopoly" and "quasi-public products", there is market failure in supply, and the government must intervene in their prices through direct and indirect means. With the intervention of the government, it is no longer suitable for ordinary investors to invest in thermal coal futures.

3.

At the same time, according to the provisions of the thermal coal futures contract, we can know that the number of transactions per lot is 100 tons, and the minimum fluctuation price is 0.2 yuan, so a point is 100.