1. Coke

The j2105 contract rebounded overnight. Some steel mills have lowered the purchase price of coke by 100 yuan / ton, but most coke enterprises have not responded yet; at the same time, some coke enterprises have raised the purchase price of coke by 100 yuan / ton for customers who do not renew the payment according to the daily cycle, so the game between coke and steel has entered a stalemate stage. Due to the impact of the Spring Festival holiday, the inventory of some coke enterprises accumulated slightly, the transportation gradually recovered after the festival, and the coke enterprises mainly digested the inventory. Most steel plants have replenished their Coke inventory to a reasonable range, and most of them purchase coke on demand. Technically, the j2105 contract rebounded from the low, and the daily MACD index showed that the red kinetic energy column narrowed, focusing on the support of the moving average. It is suggested that the short space should be around 2620 yuan / ton and the stop loss should be 2650 yuan / ton.

2. Iron ore

Overnight i2105 contract shock is strong, import iron ore spot market quotation increased significantly. Due to the sharp drop in the volume of domestic port dredging during the Spring Festival holiday, the domestic iron ore port inventory continued to increase. At present, steel plants are mainly digesting factory warehouses. It is reported that some steel plants have stocks around the Lantern Festival. However, traders are optimistic about the future market demand as a whole and are reluctant to sell at low prices, which constitutes a support for the ore price. Technically, the i2105 contract runs above the multi day moving average. The 1-hour MACD index shows that diff and DEA are in high order, and the red column turns to the green column. In terms of operation, it is recommended to buy low and sell high in 1115-1165 for short term, with a stop loss of 15 yuan / ton.

3. Rebar

The overnight rb2105 contract continued to rebound, and the spot market quotation continued to rise sharply. Due to the recovery of downstream demand, the inventory of rebar continued to increase. However, the ex factory price of Huadong steel plant increased in late February, the spot quotation of Hebei billet increased, and most of the surrounding varieties rose. The futures price of rebar continued to rebound. Technically, rb2105 contract is still running above the daily average of Ma5. One hour MACD index shows that diff and DEA are in high order, and the red column is shrinking. Operational recommendations, short-term to 4530 as a stop loss, more trading.

4. Stainless steel

Stainless steel 2104 rose sharply last week. 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 orders have 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 the price fluctuation of stainless steel is relatively strong. Technically, the main stainless steel 2104 contract volume reduction closing long Shangying, attention to the 5-day moving average support, is expected to adjust the short-term high. In terms of operation, it is recommended to operate the light warehouse in the range of 15050-15650 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 resumed, 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 increased slightly compared with that before the festival. 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 progress of grain sales in the main producing areas is faster than in previous years, and the market is still reluctant to sell and willing to support the price. The price of raw corn has remained firm, which provides support for the starch Market and keeps the corn starch price high. However, the pace of corn sales may accelerate in the future, and the feed demand is expected to decline, which will inhibit 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.