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Why did coal prices fall? What is the coal price closely related to?
1 The number of power companies has decreased. Due to the depression of real estate, a series of large-scale power consumption enterprises (steel mills, cement factories, glass factories and ceramic factories) stopped production and reduced production, and the electricity consumption of these enterprises can account for more than 30% of industrial electricity consumption.

The exchange rate of RMB against the US dollar has risen, and imported coal has greatly impacted the domestic market. The original price 100 US dollars is more than 800 RMB per ton, but now it is more than 600 RMB, and the transportation capacity is strong and the price is cheap. A cargo ship of Cape of Good Hope is 160000 tons.

3 overcapacity, the coal fever in the previous two years, attracted a lot of funds to enter the coal industry.

A large number of emerging energy sources have replaced the original energy enterprises, and some emerging environmental protection energy sources such as nuclear power, wind power and solar energy have been built and used in a large number in the past two years.