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Summary of 2021-02-24 domestic key futures
Time:2021-02-24    Source:    Hits:

1. Coke

Next night, the j2105 contract was reorganized. The coke market is stable and declining. The main stream steel works reduce the coke by 100 yuan / ton, and most coking plants have accepted the price reduction. Due to the impact of the Spring Festival holiday, some coke enterprises have accumulated storage. In recent years, coke inventory in some steel plants has been accumulated, and the pressure of de storage cycle has been added. Technically, j2105 contract shock finishing, daily MACD index shows that the red kinetic energy column narrowed, the average pressure is larger. It is suggested that the stop loss should be 2605 yuan / ton.

2. Iron ore

Overnight i2105 contract shock is stronger, import iron ore spot market quotation down. This week, the total inventory of the port was 1.7561 million tons compared with that before the festival. Due to the good weather in the near future, the ships berthed and unloaded smoothly, and the steel factory's pick-up still did not reach the high level before the festival, so the inventory in North China, East China and along the river were all accumulated. However, the overall traders were still optimistic about the future demand, reluctant to sell at a low level, and the short-term market might fall into a high level. Technically, the i2105 contract test was supported near 1100, and the 1-hour MACD index showed that the diff and DEA levels dropped, and the green column was slightly enlarged. In terms of operation, it is suggested that in the short term, high selling and low buying should be considered in the 1135-1090 range, with a stop loss of 10 yuan / ton.

3. Rebar

Overnight rb2105 contract narrow finishing, the spot market quotation is relatively stable. It is reported that at present, most steel plants have complete specifications of resources. According to the home arrival plan fed back by businesses, it is expected that the situation will be relieved in the next two or three days. In the short term, the demand of downstream construction sites is gradually recovering, but it still needs time. It is expected that the short-term market will fall into a high level. Technically, rb2105 contract test Ma5 daily moving average support, 1 hour MACD index shows diff and DEA high fall, red column to green column. In terms of operation, it is suggested that in the short term, high selling and low buying should be considered in the range of 4600-4500, with a stop loss of 30 yuan / ton.

4. Stainless steel

Stainless steel 2104 fell slightly overnight. At the end of the year, domestic ferronickel inventory dropped, while refined nickel inventory continued to decline; combined with domestic environmental protection production limit, ferrochrome production declined, and some refineries still could not resume production in February, so the cost side nickel and chromium prices were strong. The arrival and storage of 300 Series in China during the Spring Festival is relatively obvious, but recently some steel mills said that the order has been received in March and April. With the gradual expansion of China's economic activities after the festival, the downstream purchasing demand is expected to pick up, which will help drive inventory digestion and support the high price of steel. Technically, the main stainless steel 2104 contract position reduction continued to callback, daily KDJ dead fork, short-term shock adjustment is expected. In terms of operation, it is recommended to operate the light warehouse in the range of 15000-15400 yuan / ton, with the stop loss of 150 yuan / ton.

5. Corn

In addition to the reduction of corn production in the main producing areas and the reduction of policy grain, the predictable supply in the market is tight, and the progress of grain sales in the main producing areas is faster than in previous years, so the market is still reluctant to sell and willing to support the price. At present, grassroots farmers and intermediate traders are still immersed in the atmosphere of the Spring Festival. The purchase and sale of corn has not yet fully recovered, and the phased inflow has decreased. However, some domestic grain enterprises have resumed the purchase of corn one after another, and the purchase price has remained firm. In addition, the consumption of deep processing enterprises during the Spring Festival has reduced the inventory to a low level, and the purchase demand has increased after the festival. However, the proportion of corn in feed consumption is decreasing, the proportion of wheat substitution is gradually increasing, and the import volume of corn has reached a record high. At the same time, the import volume of rice and wheat has also been increased as substitutes for corn. In addition, the African plague in some pig producing areas showed signs of rising, the sows stock declined on a month on month basis, and the future demand was expected to decline, suppressing the disk performance. Overall, it is expected that the short-term or maintain a high shock finishing, corn 2105 contract intraday homeopathy.

6. Starch

With the reduction of corn production in the main producing areas and the reduction of policy grain, the predictable tight supply in the market continues to ferment, and the market price increase will rise again. In addition, the grain sales progress in the main producing areas is faster than in previous years, the market is reluctant to sell and willing to support the price, and the price of raw corn has remained firm, which provides support for the starch Market and keeps the corn starch price high. However, the African plague in some pig producing areas showed signs of rising, the sow stock declined month on month, and the future demand was expected to decline, which inhibited the performance of raw material prices. As far as starch itself is concerned, at present, the spring festival atmosphere is still strong, the market purchase and sale is slightly light, the state of price without market is maintained, and the amount of orders signed by enterprises is very small. However, some enterprises have been in the production state, and the inventory is overstocked, which puts pressure on the price of corn starch to continue to rise. It is expected that corn starch will mainly run with the vibration of corn, and corn starch 2105 contract will take part in the market.