First, thermal coal showed a downward trend after skyrocketing.
After soaring again on September 2, reaching a historical high of 933 yuan per ton, the main contract of domestic thermal coal futures showed a long-lost turning trend at 202 1 on September 3, generally falling to 200-350 per ton, which is also the first callback after the skyrocketing domestic thermal coal. Some professional analysts believe that thermal coal has skyrocketed in a short time under the current situation that the country has cracked down on higher coal prices than expected. Previously, the Operation Bureau of the National Development and Reform Commission also organized meetings between relevant departments of several provinces and relevant central enterprises. The main discussion is the return of coal prices to normal levels, which seems to be being implemented now.
Second, the thermal coal market is volatile and unstable.
According to relevant personnel, the price of thermal coal in Qinhuangdao was probably lowered from 10 to 200 on October 202 1 day. At present, there are many people waiting to see in the spot market, and their mood fluctuates. Under such market fluctuation, no one wants to take the initiative. It's just that the high mood in the early stage has loosened, and now a few people are not waiting in line. But without motivation, the overall market is still a hot suggestion. It is better to wait and see, and then make an analysis after the market is slightly stable.
Three, futures contracts are divided into two types.
Futures contracts are divided into main contracts and sub-main contracts, which can be directly understood literally. Whether it is a main contract or a secondary contract, it is a transaction-oriented contract, then the main contract is the contract with the largest position and transaction volume, and the secondary contract is the contract with the second largest position and transaction volume, which is equivalent to being second only to the main contract. The main difference between the main contract and the sub-main contract is that the trend is different, that is, in the same time period, the decline of the main contract will be greater than that of the sub-main contract, on the contrary, the increase of the main contract will be greater than that of the sub-main contract in the rising market.
The second main force of thermal coal is the contract with the second trading volume and activity in thermal coal futures, which is second only to the main force contract.