Generally speaking, coal stocks among A-shares are a type of stock with a very cyclical trend.

At a time when "carbon neutrality" is increasingly becoming a hot topic in society, the price fluctuations of coal stocks will also attract the attention of many investors.

Generally speaking, the price trend of coal stocks will be affected by multiple factors simultaneously.

First of all, the price trend of coal stocks often has a strong correlation with the trend of commodity futures.

In the last round of strong cyclical stocks, the strength of stocks in coal, non-ferrous metals, steel, chemicals and other sectors is inseparable from the strengthening of the main commodity futures contract prices at this stage.

If the price of the main domestic coal contract rises, coal production companies will be able to obtain more profits.

This expectation of profit growth will push investors in the market to "pursue" coal stocks, and the prices of coal stocks will follow the trend and rise.

During the period when the main coal contract prices are low, coal stocks in A-shares tend to perform relatively weakly.

Therefore, the price of A-share coal stocks often depends on the price of coal commodities.

Secondly, the price trend of coal stocks is also related to the expected changes of investors in the market.

After "carbon neutrality" becomes the mainstream view among the elite, there is a certain probability that the trend of coal stocks will be suppressed for a long time.

After all, the "carbon neutral" development model requires major countries around the world to vigorously develop clean energy such as wind power and photovoltaics, while traditional fossil energy such as coal will be replaced by new energy.

Therefore, there are certain pessimistic factors in the long-term trend of coal stocks.

However, coal is currently the most important power generation material in many countries.

If social funds give up investment in traditional energy sources such as coal, coal production capacity and supply will also be suppressed.

This situation often pushes up the price of coal when the performance of new energy sources is not stable enough.

The last round of strength in coal stocks is closely related to this expectation.

Therefore, changes in investor expectations will also affect the price trend of coal stocks.

Thirdly, the price trend of coal stocks is also related to weather changes.

During the winter heating cycle, coal stocks in the A-share market will also experience intermittent strong trends.

When cold winter weather sweeps across the world, capital markets tend to pay attention to changes in the "heating impact."

The "coal-flying" trend in the A-share market is often related to weather changes.

To sum up, the price of coal stocks in A-shares is often affected by multiple factors.

The relationship between these factors is also relatively complex.