Influencing Factors of Coal Price and Its Future Price Forecast

Qinxuan Que, Siwei Li

2022

Abstract

This article used the analytic hierarchy process to analyze the impact of nine factors on coal prices. These factors include nine factors such as the supervision of relevant national departments, national policies, energy consumption, transportation costs, climate change, travel mode, domestic coal market, international coal market, and coal production. In the end, it is concluded that transportation costs and national policies and departmental supervision have the greatest impact on coal prices, and the three factors that have the least impact on coal prices are: the domestic coal market, the international coal market, and the mode of travel. Specifically, the weight of the influence of transportation costs on coal prices is 0.32; the weight of the influence of national policies and departmental supervision on coal prices is 0.22; the weight of the influence of relevant departmental supervision on coal prices is 0.14. According to the forecast model, the coal price will be declining in the next 31 days. In the next 36 months, the coal price will not change much and will continue to fall. After a period of continuous decline, the coal price will usher in an increase. Finally, this article put forward policy recommendations on controlling coal prices.

Paper Citation

in Harvard Style

Que Q. and Li S. (2022). Influencing Factors of Coal Price and Its Future Price Forecast. In Proceedings of the 1st International Conference on Public Management, Digital Economy and Internet Technology - Volume 1: ICPDI; ISBN 978-989-758-620-0, SciTePress, pages 203-207. DOI: 10.5220/0011733100003607

in Bibtex Style

@conference{icpdi22,
author={Qinxuan Que and Siwei Li},
title={Influencing Factors of Coal Price and Its Future Price Forecast},
booktitle={Proceedings of the 1st International Conference on Public Management, Digital Economy and Internet Technology - Volume 1: ICPDI},
year={2022},
pages={203-207},
publisher={SciTePress},
organization={INSTICC},
doi={10.5220/0011733100003607},
isbn={978-989-758-620-0},
}

in EndNote Style

TY - CONF

JO - Proceedings of the 1st International Conference on Public Management, Digital Economy and Internet Technology - Volume 1: ICPDI
TI - Influencing Factors of Coal Price and Its Future Price Forecast
SN - 978-989-758-620-0
AU - Que Q.
AU - Li S.
PY - 2022
SP - 203
EP - 207
DO - 10.5220/0011733100003607
PB - SciTePress