1. Coke
The j2105 contract rose and fell overnight. The coke market is weak. A round of coke price reduction of 100 yuan has been basically implemented. The purchase intention of traders has weakened, and the inventory of some coke enterprises has picked up slightly. The capacity utilization rate of blast furnace in downstream steel plants continues to be at a high level. At present, most of the coke stocks have been replenished to a reasonable range, and the pace of coke procurement is relatively slow in the early stage. Technically, the j2105 contract was higher and lower, and the daily MACD index showed that the red kinetic energy column narrowed and the pressure of moving average was greater. It is suggested that the stop loss should be 2615 yuan / ton.
2. Iron ore
Overnight, i2105 combined with reduced positions fell, and the quotation of imported iron ore spot market was adjusted in a narrow range. In this period, the total shipment volume of Australia and Brazil iron ore fell and the i2105 contract discount spot price was deep, which brought support. However, at present, the port inventory continues to increase, the spot supply is relatively loose, and the short-term market will remain high. Technically, the i2105 contract still has support around 1100, and the 1-hour MACD index shows that diff and DEA are down at high levels, and the green column is stable. In terms of operation, it is suggested that the short-term should be maintained in the range of 1145-1090, with a stop loss of 15 yuan / ton.
3. Rebar
Overnight rb2105 contract position up, spot market quotation slightly down. At present, the construction steel inventory in the spot market is gradually increasing, and the inventory pressure of some businesses is beginning to appear. However, from the feedback from the downstream, the current demand has recovered, and some construction sites have started to purchase a small amount. It is expected that in the next 3-7 days, the market demand will gradually return to the normal level. Recently, Tangshan's emission reduction measures have been upgraded to support steel prices. Technically, rb2105 contract tests the support of Ma5 daily moving average, 1-hour MACD index shows that diff and DEA are high and the green column is narrow. Operational recommendations, callback short, stop loss reference 4600.
4. Stainless steel
Overnight stainless steel 2104 shock rise. The upstream domestic ferronickel inventory fell, while the refined nickel inventory continued to decline; combined with the 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, short position reduction is larger, short range adjustment is expected. In terms of operation, it is recommended to operate the light warehouse between 15250-15600 yuan / ton and stop loss 120 yuan / ton respectively.
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 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 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, there are not many transactions in the high price starch Market at present. The downstream procurement is cautious, and the overall delivery is still slow. Some enterprises have been in production status, 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 corn shock, and corn starch 2105 contract will take part in the market.
