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The weak operation of spot is the main theme.

iconNov 5, 2018 19:19

The HC1901 contract fluctuates between 3750 and 3850 of the day.

Iron ore L1901 contract, fluctuating between 510 and 530 within days.

Coke J1901 contract, fluctuating between 2350 and 2450 within days.

Coking coal JM1901 contract, fluctuating between 1350 and 1410 within days.

< 3 > suggestions for tomorrow's current operation:

[futures] short-term operation: empty single low departure, more single low appropriate amount of entry.

RB1901 contract, more trading, more cloth near the lower value and empty near the upper value; multiple stop loss position 4000, empty order not recommended stop loss (just control the position)

HC1901 contract, more trading, more cloth near the lower edge value, empty near the upper edge value, multiple stop loss position 3700, empty order the same as RB.

Iron ore l1901 contract, more trading, more cloth near the lower value and more near the upper value; multi-stop loss position 500,549 (all valid for 3 days).

Coke J1901 contract, too many transactions (fast-in and fast-out), cloth near the lower value, empty near the upper value; multi-stop loss position 2300, 2500.

Coking coal JM1901 contract, it is recommended to wait and see.

< 4 > the words of the author are as follows:

The short rhythm of 1.RB1901 fluctuates between 4000 and 4180, and the probability of spot steel relying on to repair the base difference is large.

2. Focus on the arbitrage opportunity of multi-HC1901 contracts and empty RB1901 contracts (the basis difference is above 350 and converges to 150 to 200).

3. Iron ore 1901, based on the exchange rate, high product inventory is low, the basis difference is too large, autumn and winter wrong peak production is not expected, steel plant winter storage. Expected: between 500 and 560 strong shock.

4. Spot current prices, the late pressure on steel mills gradually increasing, take the initiative to reduce prices in order to induce traders friends winter storage.

< 5 > the view of trend analysis remains unchanged (see Weekly Review of November 3 for details)

Consult consultant Lu Qingping 021 51595781

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