1. Coke
J2105 contracts fell sharply last week. Last week, the coke market was weak, the coke price has been reduced by 200 yuan / ton, and the overall market sentiment was weak. Coke enterprises have good profitability and high enthusiasm in production, and the overall start-up continues to maintain a high level. Coke enterprises have a high enthusiasm for shipping, but the recent delivery rhythm has slowed down slightly, and coke enterprises in various regions have a small accumulation of warehouses. The blast furnace start-up of steel plant is slightly lower than last week, but compared with previous years, coke needs to be kept, but the coke price is in the down channel, the willingness of steel plant to replenish the warehouse is not strong, and the enthusiasm of port traders gathering port is not high. The price of coke in the short term is likely to continue to weaken. Technically, j2105 contract fell sharply last week, and weekly MACD indicators showed that green kinetic energy column continued to expand and downward pressure was relatively high. Operation suggestion: throw out near 2360 yuan / ton, and stop loss refer to 2400 yuan / ton.
2. Iron ore
Spot prices in the iron ore period rose last week. The operation was weak due to the increase of the volume of Australian and Pakistan iron ore in early Zhou. Tangshan launched a production restriction policy to drive the steel price to rise sharply, which supported the ore price. The i2105 contract reached a high of 1185 yuan / ton on March 4, but on Friday, it fell more than 4%, which was dragged by the continuous increase of the dollar index and the downward trend of steel price. Last week, the domestic iron ore port inventory increased slightly, while steel mills had strong resistance to high ore prices, but the deeper spot discount of i2105 contract would limit the room for callback, so the period price of iron ore this week or continued to be high and wide range consolidation. It is suggested that short-term line should consider high throw and low purchase in 1175-1080 interval, with a stop loss of 15 yuan / ton.
3. Threaded steel
Last week, spot price of threaded steel fell sharply. At the beginning of the week, it was supported by Tangshan city's launch of the comprehensive treatment plan for air pollution in March. Due to the excessive increase of period price and high water price rising in spot price, the rb2105 contract fell sharply on Friday and led to the spot price reduction. This week, the futures price of thread steel or the high-level wide range consolidation. In terms of supply, the weekly production of construction steel and the starting rate of electric furnace steel continue to rise in long-process steel plants, and the spot supply gradually rises; in terms of demand, downstream procurement is obviously released, but has not been released completely, and inventory is still in an increasing state; finally, with the rising price, the sentiment of high or limit the upward trend is not possible Space, however, Tangshan City has started the level II emergency response of heavy polluted weather again at 16:00 on March 7, 2021, and the time for cancellation shall be notified separately. It is suggested that the short line can buy high throw at low price and stop loss of 70 yuan / ton in 4600-4900 interval.
4. Stainless steel
Last week, the stainless steel 2105 fell sharply. Upstream Qingshan ferronickel to high ice nickel news, the market worried that the excess nickel iron transmission to the fine nickel market, resulting in the pressure of nickel price decline. Meanwhile, the domestic output in February increased significantly year on year, with the arrival of the source of goods, while the overall downstream demand showed a flat performance, and steel prices also decreased. However, due to the domestic electricity restriction policy and the tight coke in South Africa, the output of ferrochromium has declined, the price of ferrochromium continues to be strong, and the current profits of stainless steel production are thin, the production reduction possibility exists in the later steel plant; meanwhile, with the global economic recovery expectation rising, the downstream demand prospects are optimistic, limiting the space below the steel price. Technically, the main stainless steel 2105 contract volume increase and recovery, focus on 14000 level competition, and it is expected to adjust the short-term width. In operation, it is recommended to operate the light warehouse in the range of 14000-14700 yuan / ton, with a stop loss of 200 yuan / ton.
5. Corn
Internationally, the market expects the USDA to cut its domestic carry forward inventory forecast for this week's supply and demand report, the Chicago Futures Exchange (CBOT) corn futures closed higher on Friday, and an industry analyst survey showed that analysts average the global corn inventory for 2020 / 21 is 284.17 million tons, lower than the Ministry of agriculture's estimate of 286.53 million tons in February, all of which are lower Boost corn prices. In China, the main production area has reduced production, and the pattern of long-term supply tightening has not changed. At present, the purchase and marketing is still relatively light, spot price is relatively strong and the supporting period price is relatively strong. However, the weather has improved, the grass-roots farmers start spring farming, and the sale of surplus grain starts. In addition, the expectation of grain sales by traders is increased, and the sales are more positive. In terms of demand, the acquisition enthusiasm of deep processing enterprises is not high, and they buy as they use. At the same time, the swine plague in Africa rose before and after the Spring Festival. The pig storage column declined for two consecutive months from January to February, and there were more grain substitutes in downstream feeding enterprises, and the proportion of substitution also increased. Overall, it is expected to maintain a high level of shock consolidation in the short-term, and focus on the next policy information guidance. Corn 2105 was in the market.
6. Starch
Some enterprises downstream of starch have the demand for replenishment, and some enterprises in Shandong still have not started up, and they are consuming starch inventory, which makes the inventory decrease. In addition, the high price of corn, under the pressure of cost, makes corn starch enterprises maintain a positive price mentality, and the spot price will still maintain high operation as a whole, providing support for the futures market. However, the weather has improved, the number of enterprises' arrival increased, some deep processing enterprises cut the purchase price of corn, increasing the wait-and-see mood for starch Market. In addition, with the rapid recovery of the start-up rate of corn starch industry, most enterprises will resume full production operation in March, with the market supply increasing significantly, while the inventory itself is at a high level. In addition, the downstream demand is recovering slowly. For the insufficient high price procurement, it is expected that corn starch will be mainly operated with corn vibration, and corn starch 2105 will participate in the contract plate.
