Why is the coal price rising while the coal stock price is falling?

1. Recently, the price of coal has risen rapidly, hitting a record high, which has greatly pushed up the production cost of downstream industries, adversely affecting power supply and winter heating, and has been strongly reflected by all sectors of society. According to the National Development and Reform Commission, coal is an important basic energy, which is closely related to the national economy and people's livelihood. At present, the price increase has completely deviated from the fundamentals of supply and demand, and with the approach of heating season, the price is still showing a further irrational upward trend.

2. The National Development and Reform Commission will make full use of all necessary means stipulated in the Price Law to study specific measures to intervene in coal prices, promote the return of coal prices to a reasonable range, promote the return of the coal market to rationality, ensure the safe and stable supply of energy, and ensure the warm winter of the people. Article 30 of the Price Law clearly stipulates that when the prices of important commodities and services have obviously increased or may obviously increase, the people's governments of the State Council and provinces, autonomous regions and municipalities directly under the Central Government may take intervention measures such as limiting the price difference rate or profit rate, setting price limits, implementing the price increase declaration system and the price adjustment filing system. The National Development and Reform Commission (NDRC) said that it will pay close attention to the coal market dynamics and price trends with relevant departments, sort out and investigate the contradictions and problems existing in the work of ensuring supply and stabilizing prices, and coordinate and solve them in a timely manner; The market supervision department will intensify law enforcement inspection, adhere to "zero tolerance", severely crack down on illegal acts such as spreading false information, price collusion, driving up prices, hoarding and so on, and earnestly safeguard market order.

For the next step of ensuring supply and stabilizing prices, the meeting put forward eight measures: First, further release coal production capacity. The second is to steadily increase coal production. The third is to guide coal prices back to a reasonable level. The fourth is to further implement the full coverage of medium and long-term contracts for coal in power generation and heating enterprises. The fifth is to promote the all-round development of coal-fired generating units. Sixth, ensure gas supply and use in strict accordance with the contract. Seventh, strengthen energy transportation security. Eighth, strengthen joint supervision of the spot market.

3. Macro-policy control above the national level affects the share price of coal companies, and the market will make adjustments, so it will fall accordingly, so it is negatively related.