Wang Xiaotong, a senior analyst of thermal coal in Baocheng Futures, said that the continuous increase in the price of thermal coal attracted people's attention. The National Development and Reform Commission has repeatedly emphasized ensuring stable supply prices. With the price rising, policy regulation may be the main inducement of future market changes.
"In addition, it should be noted that the demand-side procurement expectation has been fulfilled in advance, but the actual procurement is still relatively cautious. Major power companies mainly implement long-term cooperation contracts and maintain existing stocks. If the demand side is difficult to meet expectations, or remains silent until the supply improves, the high price is like a castle in the air and the foundation is not solid. " She added.
Extended data
Recently, commodity prices have continued to rise.
The National Development and Reform Commission/KLOC-0 held a press conference in April on the morning of September. Meng Wei, a spokesperson, said that the rise in commodity prices includes many factors such as abundant liquidity and investment speculation, and prices do not have the basis for long-term rise. In the coming period, prices will remain in a reasonable range, and CPI can be kept within the annual control target.
19, the domestic commodity futures market as a whole fluctuated strongly. As of the close of the afternoon, active commodities in the day rose more and fell less. Among them, the main contract prices of soda ash and EB all increased by more than 3%, and 9 varieties such as rapeseed meal and copper closed up by more than 1%. The thermal coal contract rose sharply, reaching a maximum of 794.8 yuan/ton, a new high since listing, and finally closed up 3.52% to 788 yuan/ton.