![](https://i.imgur.com/CLvY2jA.png")
20-10-2021, 03:40 PM
China is making effort to tame the coal price. This is good news. The market is presently feeling the pressure. It is also time for the market to make a correction after coal price has risen more than 2.5 times in a short span of one year.
Correctly speaking, the slowing world economy caused by the Pandemic should cause a reduction in coal and energy demand. Clearly, this present increase in coal and energy prices started from the time China embargoed Australian coal.
The commodity price has always been governed by supply and demand. Any monetary or inflation effort will not suppress the price for long. Unfortunately, this rise in coal price has caused also oil and gas prices to increase, affecting many electricity consumers all over the World.
It is hoped that China can take a friendlier approach and take the corrective step to resolve this present energy crisis.
![[Image: wcvlo.png]](https://i.ibb.co/b3s3v1C/wcvlo.png)
Correctly speaking, the slowing world economy caused by the Pandemic should cause a reduction in coal and energy demand. Clearly, this present increase in coal and energy prices started from the time China embargoed Australian coal.
The commodity price has always been governed by supply and demand. Any monetary or inflation effort will not suppress the price for long. Unfortunately, this rise in coal price has caused also oil and gas prices to increase, affecting many electricity consumers all over the World.
It is hoped that China can take a friendlier approach and take the corrective step to resolve this present energy crisis.
"the devil is attacking you and not your argument because he is weak”
