Current Review (10 June)

< 1 > spot aspect.

The overall decline in steel market prices has continued since the festival, with decreases ranging from 10 to 70 (the decline is positively related to the region affected by the weather). Trading volume: general. The cumulative price of billet in Tangshan area has dropped from 30 yuan to 3480 yuan per ton. Market mentality: stability is OK.

Phase II steel. The stock market is pink and Wenhua commodities are red. The black system as a whole is fine, and the raw material end is stronger than the finished product end.

RB1910 main contract:

During the day, there was a huge increase or decrease in positions and tail positions to 113644 hands, with a weak earthquake between 3733 and 3680 and a tail closing of 3717. The main organization has a net increase of 2033 hands per day.

HC1910 main contract:

During the day, there was a substantial increase or decrease in positions and a final increase in positions to 31624 hands, with a weak shock between 3597 and 3529 during the day, with a final closing of 3576. The main organization within a day net more than 322 hands.

Iron ore l1909 main contract:

During the day, there was a sharp decrease in positions and an increase in positions to 67742 hands, with a strong shock between 708.5 and 729.5 during the day, with a close of 729.5. The main organization within the day clearance single 7269 hands.

Demon Jiao J1909 main contract:

During the day, there was a huge reduction in positions and tail positions to 42718 hands, with a weak shock between 2147.5 and 2112 during the day and a close of 2126.5. The main organization has a net increase of 773 hands per day.

Coking coal JM1909 main contract:

During the day, there was a small increase in positions and tail positions to 13520 hands, with a strong shock between 1385.5 and 1415.5 during the day and a final closing of 1415. The main organization has a net increase of 4258 hands per day.

Forecast for tomorrow.

1. Spot aspect: weak medium see strong.

two。 Futures:

RB1910 main contract: between 3680 and 3780 concussion.

HC1910 main contract: between 3550 and 3650 concussion.

Iron ore l1909 main contract: between 715 and 739 concussion.

Demon Jiao J1909 main contract: between 2100 and 2150 concussion.

Coking coal JM1909 main contract: between 1380 and 1430 concussion.

< 4 > suggestions for current operation remain unchanged. See Weekly Review for details (June 7).

< 5 > Heart language and information.

1. The offshore RMB exchange rate peaked at 6.9584 today.

two。 Yi Gang language: China's macro policy space is sufficient, the ability to deal with all kinds of uncertainty.

3. Transmission by the General Administration of Customs:

Steel exports: in May 2019, China exported 5.743 million tons of steel, down 583000 tons from the previous month, down 9.2 percent, and 1.14 million tons from the same period last year, down 16.6 percent. From January to May, steel exports totaled 29.093 million tons, an increase of 2.5 per cent over the same period last year.

Iron ore imports: in May, China imported 83.753 million tons of iron ore and its concentrate, an increase of 2.981 million tons over the previous month, a decrease of 11.09 percent over the same period last year. From January to May, imports of iron ore and its concentrate totaled 423.916 million tons, down 5.2 per cent from the same period last year.

4. Today, scrap steel prices in most areas steadily rising, the author forward-looking forecast spot decline, scrap prices look back after continuing to move forward, two-way compression arc furnace profits are falling to the ground. At present, the local area has been on the profit and loss edge line, how far can the electric arc furnace production capacity look back? When autumn comes on September 8, I will bloom after a hundred flowers! How much can spot replenishment stock make up? In particular, it has fallen in the region of the author's forward-looking forecast range of 300 + 30, 10,000 years too long, seize the day!

5. Import iron ore prices rose, coke rose in the fourth round, steel enterprises are still not surprised! The game is in progress.

6. Pray for the well-being of the people in Sanming, Fujian! According to the light, my concubine wishes!

The rhythm, trend analysis and viewpoint remain unchanged. For details, see the outlook for the steel market in June and the weekly review on June 7.

Details consultant Lu Qingping 021 51595781

(statement: this article is made and published exclusively by SMM Steel under the exclusive license of the author, and may not be reproduced without authorization)