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Summary of 2021-03-18 domestic key futures
Time:2021-03-18    Source:    Hits:

1. Coke

The j2105 contract rocked up the next night. The coke market is weak, the five round price reduction of coke has basically been implemented, although the profit of per ton coke has been reduced. Coke enterprises have high enthusiasm in production, and some coke enterprises have tired warehouses. The utilization rate of BF capacity in downstream steel plant remained at a high level. With the continuous resumption of Tangshan BF, the market sentiment improved slightly, and futures prices rebounded. Technically, j2105 contract fluctuates upward, and the daily MACD index shows that the green kinetic energy column continues to narrow, and the short-term price rebounds, paying attention to the support below. Operation suggestion: it is much shorter near 2310 yuan / ton, and the stop loss is 2280 yuan / ton.

2. Iron ore

The contract of i2105 was relatively strong overnight, and the price of the spot market of imported iron ore was up-regulated, and the spot market was still available. Market sentiment has been relatively optimistic with Tangshan relief of heavy polluted weather level II emergency response and CCTV exposure of thin steel bars. However, the total volume of Australian Pakistan iron ore shipment continues to increase, spot supply is relatively loose, and the period price may be sorted out in the context of increasing demand and increasing supply. Technically, i2105 contract horizontal plate arrangement, 1 hour MACD indicators show diff and DEA low rebound, red column amplification. It is suggested that the short line 1100-1055 interval is high throw low, stop loss 10 yuan / ton.

3. Threaded steel

The next night rb2105 contract increased positions, spot market quotation was relatively stable. With the rebound of the period price, the overall transaction of the spot market is still acceptable. Some of the merchants still have some early low-cost resources, and the goods are relatively smooth, while the transaction of high price resources is weak, but the end-users still normally pick up the goods mostly. Due to the strong trend of raw materials, the cost of steelmaking is increased, and the expected price of the stock decline is relatively strong, the short-term market is still repeated, and the construction rhythm and risk control should be paid attention to. Technically, rb2105 contract high level finishing, one hour MACD indicators show that diff and DEA are arranged near axis 0, and red column turns to red column. It is suggested that the short line should consider high throw and low purchase in 4830-4740 interval, and stop loss of 30 yuan / ton.

4. Stainless steel

The next night, the stainless steel 2105 fluctuated slightly. Recently, there was news that China planned to reduce the tax rebate rate of steel export, which may affect export demand in the short term; in addition, domestic stainless steel production remained high, and the supply of goods was relatively sufficient, which made the market more wait-and-see sentiment. However, due to the domestic electricity restriction policy and the tension of coke in South Africa, the output of ferrochromium is affected. The price of ferrochromium is strong, the profits of stainless steel production are thin, and the willingness of steel plants to stand up is high. With the gradual improvement of downstream demand, the 300 series warehouse has a small decline in recent years, which makes the market as a whole in a situation of supply and demand, and the steel price continues to adjust and operate. Technically, the main short positions of 2105 main stainless steel contract have been reduced significantly, showing triangular convergence, and it is expected to continue to adjust the short-term. In operation, it is recommended to operate light warehouse in 13800-14150 yuan / ton interval, with stop loss of 100 yuan / ton.

5. Corn

Internationally, USDA issued a strong export inspection report confirming that China bought large quantities of corn from non-governmental exporters, supported the high price operation of CBOT corn, and high import costs, which boosted the domestic corn price. In domestic, the market is still in a tight balance state, traders have strong willingness to support the price. Some regions directly under the warehouse rotation grain purchase, and the high price, all of which form a supporting role in corn price. However, the increasing grain sources in the production area have been pushing down the spot price, the purchase and sales are relatively light, and the main body of the purchase continues to decrease. In addition, the continued arrival of imported grain has resulted in a significant increase in inventory. The expectation of feed demand is still biased, and the enthusiasm of feed enterprises to corn procurement has declined with the addition of other grain substitutes. 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

The processing profit of corn starch industry is good, the industry start-up rate is rising rapidly, the market supply is obviously increased, while the downstream demand of starch has not improved, the market purchase and marketing is light, and the enterprise shipping is slow. As of March 16, the total starch inventory of corn starch enterprises reached 82300 tons, an increase of 7.65%. It is a drag on starch price performance. However, corn price is still at a high level. Under the pressure of cost, corn starch enterprises maintain a positive price mentality and provide support for futures market. It is expected that corn starch will be mainly operated with corn shock, and corn starch 2105 will participate in the contract plate.