1. Coke
Next night, the j2105 contract was reorganized. The coke market is weak, and the mainstream steel plants have carried out the second round of coke upgrading and reduction, which has been basically implemented so far. Coke enterprises are active in production with high profits, start-up is high, and inventory is gradually accumulated. The average daily output of hot metal in steel plant is still high, and the high demand of coke remains unchanged. However, with the smooth transportation, the inventory in steel plant increases. Coke is still under pressure in the short term. Technically, j2105 contract shock finishing, daily MACD index shows little change in green kinetic energy column, short-term downward pressure is larger. It is suggested that the stop loss should be 2590 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 slightly lowered. The market activity was general, and the traders' offer enthusiasm was acceptable. However, the steel mills were more cautious and wait-and-see, while the firm offer was less. The increase in the total amount of iron ore shipped from Australia and Pakistan in this period will increase the spot supply of iron ore in the future. However, the increase in the operation rate of blast furnace in steel plants is also guaranteed, so the price may remain high. In terms of operation, it is suggested that the short-term should be maintained at 1175-1120, with a stop loss of 15 yuan / ton.
3. Rebar
Overnight rb2105 contract significantly higher. According to business feedback, the downstream demand is gradually recovering, and the procurement demand of downstream construction sites is gradually increasing. Tangshan city's plan for comprehensive air pollution control in March was released. Before March 10, seven 450m3 blast furnaces including Yanshan iron and Steel Co., Ltd., Tangshan Stainless Steel Co., Ltd., Huaxi iron and Steel Co., Ltd. and Rongxin iron and Steel Co., Ltd. were shut down, and all production equipment of xinbaotai iron and Steel Co., Ltd. were shut down. To carry out law enforcement monitoring on key industries such as iron and steel, coking and so on, focusing on comprehensive monitoring on sintering machines below 180 square meters and blast furnaces below 1000 cubic meters. It is reported that if strictly implemented, the daily production of pig iron in Tangshan will drop by about 5000 tons, and the daily production of Coke will drop by about 3000 tons, which will stimulate the price of rebar to rise sharply. Operational recommendations, consider the callback near 4800 short, stop loss reference 4750.
4. Stainless steel
Overnight stainless steel 2105 high open vibration. 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, the main stainless steel 2105 contract mainstream bull positions larger, focus on the 20 day moving average support, short-term shock adjustment is expected. In terms of operation, it is recommended to operate the light warehouse near 14900-15200 yuan / ton, with stop loss of 100 yuan / ton.
5. Corn
The surplus grain in the hands of farmers in the main production areas of China is very limited, the main grain traders are reluctant to sell, the deep-processing enterprises just need to replenish the warehouse, coupled with the Limited Logistics and transportation conditions in rainy and snowy weather, the speed of corn loading is slow, the processing enterprises are still increasing the price of purchasing, and the corn spot price is basically stable, partially strong, forming a support for the futures price. However, it is reported that 1426 tons of Heilongjiang temporary storage corn will be put on March 4 to fill the market supply. In terms of demand, the maximum inventory life cycle of processing enterprises in Northeast China has been extended to April. At the same time, pig plague is frequent in some Africa, farmers are short of the market output, and there are more alternative grains in the downstream feeding enterprises, and the proportion of substitution is also increasing. On the whole, it is expected to maintain a high level in the short term, and focus on the next policy guidance. Corn 2105 contract intraday homeopathy participation.
6. Starch
In rainy and snowy weather, the logistics and transportation conditions are limited, the speed of corn loading is slow, the deep processing enterprises are still increasing the purchase price, and the cost pressure is high, which makes the corn starch enterprises maintain a high price mentality, and the spot price will remain high as a whole, 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 higher level in the same period. 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.
