1. Coke
Overnight j2105 contract low open low go. The weak operation of coke market, slow delivery of coke enterprises, weak market mentality. The profit of coke enterprises is still high, the start-up is high, the pace of downstream procurement slows down, and the inventory of coke enterprises rises. The operation rate of blast furnace in downstream steel plants continued to be at a high level, there was an active inventory control plan, the overall purchasing enthusiasm was not high, and the purchasing intention of traders was weakened. Technically, the j2105 contract opened low, daily MACD index showed that the green kinetic energy column expanded significantly, and the short-term downward pressure was greater. It is suggested that the stop loss should be 2400 yuan / ton.
2. Iron ore
The i2105 contract was reduced overnight, the spot market quotation of imported iron ore was slightly increased, and the quotation enthusiasm of traders was acceptable, but the steel plant mainly purchased on demand. Recently, the trend of downstream steel prices has been strong. At the same time, CISA announced that the average daily output of key steel enterprises increased by 0.85% month on month in late February. On the whole, the operating rate of blast furnace in steel plants has maintained an upward trend, and the short-term market is still repeated. In terms of operation, it is recommended to buy low and sell high in 1125-1175, with a stop loss of 15 yuan / ton.
3. Rebar
Overnight rb2105 contract position reduction downward, spot market quotation slightly callback. This week, the weekly output of rebar was 3.3774 million tons, an increase of 188.2 million tons compared with last week. The in plant inventory and social inventory also increased. At present, the downstream demand is still in the recovery state, the spot market turnover has obviously picked up, and the short-term market may fall into a high wide range consolidation. In terms of operation, it is recommended to sell high and buy low in 4820-4650 for short term, with a stop loss of 50 yuan / ton.
4. Stainless steel
Overnight stainless steel 2105 low rise. The upstream Qingshan ferronickel turned to nickel matte news, and the market worried that the surplus ferronickel would be transmitted to the refined nickel market, resulting in a sharp drop in nickel prices. At the same time, the domestic production increased significantly in February compared with the same period last year. With the arrival of goods, the downstream demand was flat as a whole, and the steel price also decreased. However, due to the power rationing policy in Inner Mongolia and the shortage of coke in South Africa, the output of ferrochrome has declined, the price of ferrochrome has continued to be strong, and the current profit of stainless steel production is thin, so there is a possibility for steel mills in the future to reduce production. At the same time, with the expected warming of global economic recovery, the prospect of downstream demand is optimistic, which limits the lower space of steel price. Technically, stainless steel main 2105 contract mainstream long position larger, falling below the average support, is expected to be weak short-term adjustment. In terms of operation, it is suggested to short the light warehouse near 14100 yuan / ton and stop loss at 14300 yuan / ton.
5. Corn
Internationally, a survey of industry analysts shows that analysts on average expect that the global corn inventory at the end of 2020 / 21 is 28417 million tons, lower than the 28653 million tons estimated by the Ministry of agriculture in February, which is good for corn prices. However, corn on the Chicago Board of trade (CBOT) closed lower on Thursday as export demand weakened and the US dollar rose. At home, the weather has improved, traders' expectations of grain sales have increased, and the sales are more positive. In terms of demand, deep processing enterprises are not enthusiastic about purchasing, and they buy as they use. At the same time, around the Spring Festival, the situation of swine plague in Africa increased, the number of live pigs decreased for two consecutive months from January to February, and the downstream feeding enterprises replaced more grains, and the proportion of substitution also increased. 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
Some downstream enterprises of starch have the demand for replenishment, and some enterprises in Shandong have not started up yet, and have been consuming starch inventory, which reduced the inventory by 27700 tons last week, a decrease of 3.46%. In addition, the high price of corn, under the pressure of cost, makes corn starch enterprises to maintain the price mentality, the overall spot price will still maintain high operation, to provide support for the futures market. However, the weather has improved, the arrival volume of enterprises has increased, and some deep-processing enterprises have reduced the purchase price of corn, which has increased the wait-and-see mood in the starch Market. In addition, with the rapid recovery of the operating rate of corn starch industry, most enterprises will resume full production operation in March, the market supply will increase 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.
