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Summary of 2021-03-02 domestic key futures
Time:2021-03-02    Source:    Hits:

1. Coke

Next night, the j2105 contract was reorganized. The mainstream of domestic coke market is weakening, and the profit of steel and coke is out of balance, some steel plants start the second round of increase and decrease. The majority of coke enterprises maintain a high starting point. After the automobile transportation returns to normal, the coke enterprises and traders' enthusiasm for delivery is high. The increase of coke inventory in steel plants is obvious, the purchasing speed of coke has slowed down, and the purchasing intention of traders is weak. Most of coke resources flow to steel plants, and coke inventory in some steel plants has risen to a high level, which has the phenomenon of controlling the arrival of goods. Technically, j2105 contract shock finishing, daily MACD index shows that the green kinetic energy column continues to expand, short-term downward pressure is greater. It is suggested that the short space should be around 2480 yuan / ton and the stop loss should be 2510 yuan / ton.

2. Iron ore

The i2105 contract was sorted out at a high level overnight. The spot market quotation of imported iron ore was relatively stable, the market activity was general, and the traders' offer enthusiasm was acceptable, but the steel mills were more cautious and wait-and-see, and the firm offer was less. Although the current profits of steel plants improve with the rise of steel prices, the downstream demand of steel still needs to be observed, the steel plants tend to be cautious and wait-and-see in purchasing goods, mainly purchasing on demand, and the proportion of steel plants still tends to be more cost-effective medium and low grade ore. Technically, the i2105 contract was sorted out around 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 the short-term should be maintained in the range of 1165-1100, with a stop loss of 15 yuan / ton.

3. Rebar

Overnight rb2105 contract higher callback, spot market quotation slightly down. On March 1, the leading steel mill sales policy remained stable, supported by the cost, the steel mill price continued to strengthen. Yesterday, with the decline of snail prices, the market wait-and-see sentiment became strong. Individual merchants were anxious to cash in and increased the preferential treatment, but the amount of resources was low. Technically, rb2105 contracts are sorted in high level, 1-hour MACD index shows diff and DEA high level callback, and green column is slightly enlarged. In terms of operation, it is suggested that in the short term, you can sell high and buy low in the range of 4690-4580, with a stop loss of 30 yuan / ton.

4. Stainless steel

Overnight stainless steel 2105 vibrates. 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, resulting in the strong performance of raw material prices, which led to the reduction of 300 series of steel production and the conversion to other series, and the future supply and inventory decreased. At the same time, as the global economic recovery is expected to rise, the downstream demand outlook is optimistic and the demand for steel is optimistic Price formation support. However, at present, the downstream enterprises are still in the state of resuming work one after another. In addition, the sharp rise of steel price 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 there is still resistance above the steel price. Technically, stainless steel main 2105 contract daily MACD dead fork signs, focus on 20 day moving average support, is expected to stabilize the short-term shock. In terms of operation, it is recommended to operate around 14850-15200 yuan / ton and stop loss 150 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, the purchase and sales have not yet fully recovered, and the phased inflow has decreased. However, some domestic grain enterprises have resumed the purchase of corn in succession, 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 demand for purchasing after the festival has increased. However, some parts of North China had a sudden rain and snow yesterday, and most of the enterprises were on the sidelines. In addition, the demand in the South did not improve, and pig plague occurred frequently in some parts of Africa. The breeding end was bearish, and the market was active. Moreover, the downstream feeding enterprises replaced more grains, and the proportion of substitution was also increasing. Generally speaking, it is expected that the short-term demand will remain high, and we should pay attention to the next policy guidance. Corn 2105 contract intraday homeopathy participation.

6. Starch

Since the weekend, North China has been experiencing a wide range of rainy and snowy weather, with a sharp decrease in the volume of corn on board, and the acquisition of deep-processing enterprises began to increase the price of corn one after another. The high cost pressure has made corn starch enterprises maintain a high price mentality, and the overall spot price will remain high, providing support for the futures market. However, in the near future, the operating rate of corn starch industry has picked up rapidly. In March, most enterprises will resume full production operation, the market supply has increased significantly, and the inventory itself is at a high level. In addition, the recovery of upstream and downstream demand is relatively slow, and the high price procurement is insufficient. It is expected that corn starch will mainly run with corn shocks, and corn starch 2105 contract will take part in the market.