1. Coke
J2105 contracts fell sharply last week. Last week, the coke market was weak. The starting of coke enterprises is basically stable, the production enthusiasm of enterprises is high, and the starting is maintained at a high level. The first round of coke price reduction has been fully implemented, and a new round of coke price rise and fall has begun to take shape in steel plants. The overall coke inventory continued to increase, especially in steel mills, which slowed down the purchasing speed in the short term. However, the port coke inventory is in a very low position, and the coke enterprises and port inventory show a downward trend. Short term coke price is weak. Technically, the j2105 contract fell sharply last week, and weekly MACD index showed that the green kinetic energy column expanded, focusing on the support of moving average. It is recommended to short around 2600 yuan / ton and refer to 2640 yuan / ton for stop loss.
2. Iron ore
Iron ore futures and spot prices fell into wide range fluctuations last week. At the beginning of the week, affected by the total port inventory of 1.7561 million tons accumulated before the festival, the price of the period fluctuated with each other, and the strong shock in the second half of the week was more due to the support brought by the higher international oil price, the recovery of blast furnace capacity utilization rate of steel plants and the decline of port inventory in the current period. On the whole, the current profits of steel mills are picking up, the enthusiasm of steel mills is not decreasing, and the spot demand for iron ore will increase. However, in the face of high ore price, steel mills are more cautious in purchasing, maintain low inventory and purchase on demand strategy, so the iron ore futures price may continue to fluctuate in a wide range. In terms of operation, it is suggested that in the short term, high selling and low buying should be considered in the range of 1180-1100, with a stop loss of 15 yuan / ton.
3. Rebar
Last week, the futures and spot prices of rebar rose in a volatile way, as the international oil price continued to rise, pushing up commodity prices, adding to the expected increase in future demand, boosting market bulls' sentiment. In terms of supply, the weekly output of construction steel and the operating rate of EAF steel in long process steel plants rebounded at a low level, and the spot supply gradually rebounded; in terms of demand, the downstream has not yet fully resumed work, it will take time for market demand to release, and the stock may be further improved; finally, a new round of US stimulus plan and high cost support will be implemented Support for steel price. In terms of operation, it is recommended to buy low and sell high in the short-term range of 4600-4800, with a stop loss of 50 yuan / ton.
4. Stainless steel
Last week, the high level of stainless steel 2104 retreated. 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; at the same time, as the global economic recovery is expected to rise, the downstream demand prospects are optimistic, forming support for steel prices. However, at present, the downstream enterprises are still in the state of resuming work one after another. In addition, the sharp rise of steel prices after the festival inhibits the downstream purchasing intention, while the steel resources are still arriving one after another, the domestic 300 series inventory continues to increase, and the action on steel prices can be weakened. Technically, the main stainless steel 2104 contract position reduction high callback, focus on the 20 day moving average support, short-term wide shock is expected. In terms of operation, it is suggested to operate in the range of 14750-15300 yuan / ton, with 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. Some domestic grain enterprises have resumed the purchase of corn in succession, and the purchase price has remained firm. In addition, after the consumption of deep processing enterprises during the Spring Festival, the inventory has dropped to a low level, and the purchase demand has increased after the festival. However, due to the influence of rain and snow in some parts of North China, most enterprises wait and see. In addition, the demand in the South has not improved, and pig plague is frequent in some parts of Africa. The breeding end is optimistic about the future market, and the downstream feeding enterprises are replacing more grains, and the proportion of substitution is also increasing. At the same time, the pace of base layer sales may accelerate before spring ploughing. Generally speaking, it is expected to maintain a high level in the short term One step policy information guidance. Corn 2105 contract intraday homeopathy participation.
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 pig plague situation in some Africa is frequent, the breeding end is bearish, the market is active, and the future demand is expected to be reduced, which inhibits the performance of raw material prices. As far as starch itself is concerned, after the Spring Festival, the starch market demand has not improved significantly, and there are not many high price starch signings. During the festival, some enterprises have been in the production state, and there is a backlog of inventory, which puts pressure on the price of corn starch to continue to rise. It is expected that corn starch will mainly run with corn shocks, and corn starch 2105 contract will take part in the market.
