first of all budget night tonight, renewable clean energy is on...

first of all budget night tonight, renewable clean energy is on the front page again,,,,,,,,,

second, by looking at the daily chart, SP started to drop around 11:30 which was 9:30 in China ( their market opens )

this is the article I can find may help you

Coal stocks fell collectively today. As of press time, Yanzhou Coal Mining (01171) fell 6.15% to HK$18.3; Shougang Resources (00639) fell 5.69% to HK$3.15; Yanzhou Coal Australia (03668) fell 4.87% to HK$30.25; China Coal Energy (01898) fell 3.39% to HK$8.55.

Huatai Futures said that due to environmental protection and safety inspections, the production capacity of coal mines in the production area has shrunk, and coal prices have risen slightly. The structure of coal types in ports is unbalanced, and prices have risen significantly. However, from the perspective of downstream demand, it is still in the off-season for coal consumption, and daily consumption continues to be low. The coal inventory of power plants is at a medium to high level, and the momentum for coal price increases is insufficient. In the medium and long term, we need to pay attention to the degree of supply disturbance under safety requirements, and at the same time pay attention to the consumption of non-power coal replenishment.