1, strong policy intervention: thermal coal varieties belong to "natural monopoly products", and the government often intervenes in their prices through direct and indirect means.
2. Increased processing cost: The high transaction cost of thermal coal futures, including exchange fees and commission of securities companies, leads to fewer traders.
3. Excessive margin and handling fee: The exchange has raised the margin and handling fee of this variety to a very high level, and the minimum order quantity and the number of positions are still limited, which makes it difficult for the fluctuation of thermal coal to cover the transaction cost, so there is basically no trading volume.