1. Coke
Overnight j2105 contracts open high and go low. Coke market is stable and weak. At present, it has been reduced for three rounds, and bearish sentiment still exists. Coke enterprise production enthusiasm is higher, traders purchase intention has weakened, some coke enterprise factory inventory slightly rebounded. The capacity utilization rate of blast furnace in downstream steel plants is generally at a high level. At present, most of the coke stocks have been replenished to a reasonable range, and the pace of coke purchase is slowing down. The short-term coke market remained weak. Technically, j2105 contract opened higher and went lower. The daily MACD index showed that the green kinetic energy column narrowed slightly, and the downward pressure was still large. It is suggested that the stop loss should be 2355 yuan / ton.
2. Iron ore
The i2105 contract opened higher overnight, and the price of imported iron ore in the spot market decreased slightly. The overall market activity was average, and the traders' offer enthusiasm was acceptable. The steel mills were more cautious and wait-and-see, while the firm offer was less. Recently, due to air pollution in many areas of Hebei Province, the measures of limiting production have been implemented, and the reduction of iron ore spot demand is expected to drag down the ore price. However, after the sharp decline of i2105 contract, the mainstream short positions have been significantly reduced, and the short-term or interval consolidation has occurred. Technically, the high level of i2105 contract fell, the 1-hour MACD index showed that diff and DEA adjusted downward, and the green column was stable. In terms of operation, it is suggested to buy low and sell high in 1025-1075 for short term, with a stop loss of 15 yuan / ton.
3. Rebar
Overnight rb2105 contract shocks weak, spot market prices continue to decline. The price of raw materials is weak, the support of steel-making cost is weakened, and the spot price of rebar is depressed. With the sharp reduction of steel prices and the decrease of downstream procurement, it is expected that the construction steel inventory will continue to increase this week. Short term market volatility intensified, should pay attention to the rhythm of building positions. Technically, rb2105 contract test mA20 daily moving average support, 1 hour MACD index shows that diff and DEA continue to run downward, green column amplification. Operational recommendations, rebound short space, stop loss reference 4650.
4. Stainless steel
Overnight stainless steel 2105 shock slightly up. 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 the pressure drop of nickel price. At the same time, domestic production increased significantly in February compared with the same period last year. With the arrival of goods in succession, and the fear of falling in the downstream, steel prices 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. With the gradual improvement of downstream demand, the inventory of 300 series has decreased slightly in the near future, limiting the space under the steel price. Technically, the main stainless steel 2105 contract mainstream short positions slightly larger, focusing on 14000 level competition, is expected to adjust short-term low. In terms of operation, it is recommended to operate in the range of 13800-14200 yuan / ton and stop loss of 150 yuan / ton.
5. Corn
Internationally, the USDA supply and demand report has raised the global corn production forecast for 2020 / 21 and the year-end inventory forecast, and the supply and demand forecast for us corn is consistent with that of last month, which has a neutral short impact on the corn market. With profit taking and profit locking, CBOT corn futures closed down about 2% on Wednesday. At home, with the gradual rise of temperature, the willingness of some farmers in Northeast China to sell Chaozhou grain increased, the number of enterprises arriving increased significantly, and the spot purchase price fell slightly, which dragged down the fall of futures price. In terms of demand, the swine plague situation in Africa has been on the rise, the number of live pigs has declined for two consecutive months, and the feed consumption has entered the off-season after the festival. In addition, there are more alternative grains in the downstream feed enterprises, and the proportion of substitution is also increasing. The purchase of feed enterprises has slowed down significantly. 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
Recently, the price of starch has fallen with the high level of corn, the market transaction is acceptable, and some downstream enterprises are willing to replenish the stock, which makes the inventory of corn starch enterprises show a small downward trend. In addition, the corn price is still at a high level. Under the cost pressure, corn starch enterprises maintain a high price mentality, and the spot price is still at a high level, which provides support for the futures market. However, the processing profit of corn starch industry is relatively good, the operating rate of corn starch industry rises rapidly, most enterprises will resume full production operation in March, the market supply increases significantly, and the recovery of downstream demand is relatively slow. Corn starch is expected to run with the corn shock mainly, corn starch 2105 contract intraday homeopathy to participate.
