20190401: economic data beat expectations, commodity markets got off to a good start in April

Volume and price: the overall trend of black goods today is strong. Specifically, RB1905 rose 48 yuan / ton to close at 3806 yuan / ton, HC1905 rose 37 yuan / ton to close at 3778 yuan / ton, I1905 rose 18.5 yuan / ton from Friday's close to close at 650 yuan / ton. J1905 rose 32. 5 yuan per ton from Friday to close at 2017 yuan per ton. In terms of position data, RB1905 sold 1.64 million hands, reduced its position by 90, 000 to 1.4 million, and continued to move positions for months, while I1905 handled 1.19 million, with a position increase of 39000 to 913000. In terms of capital flows, RB1905 had a net outflow of $244 million today and a net inflow of $332 million into I1905.

Strategy: RB1905 contract range (3650, 3850); I1905 contract range (590660). Multiple stops are held up. Mature wood more 05 empty 10, ore more 05 empty 09 continue to hold.

Disclaimer: this information comes from a statistical arbitrage model based on historical data, and all conclusions are based on reliable and publicly available information. The SMM quantification team is not responsible for any losses that may be caused by all information. We recommend that investors independently evaluate specific investments and strategies. Investors are also encouraged to seek advice from professional financial advisers. This information does not provide a tailored investment strategy.