Current Review (4 June)
< 1 > spot aspect.
Today's steel market prices are generally weak and stable, early weak and strong in the afternoon. Local areas, such as East China, Shanghai, a small rebound; most areas of decline convergence (early afternoon rebound). Trading volume: general. Tangshan area billet prices up 10 yuan to 3540 yuan / ton. Market mentality: pick wild flowers by the fence, inadvertently see Nanshan as the main.
Phase II steel. The stock market is green, and the goods are light green. Black is the overall bottom rebound.
RB1910 main contract:
During the day, the number of positions increased and decreased significantly, and the number of positions increased to 22058, with a bottom rebound between 3691 and 3747 and a close of 3745. The main organization has a net increase of 27142 hands per day.
HC1910 main contract:
During the day, a small increase in positions, tail reduction to 1542 hands, in the day between 3557 and 3618 rebound, the end of the close of 3609. The main organization has a net increase of 1210 hands per day.
Iron ore l1909 main contract:
During the day, there was a sharp reduction in positions and tail positions to 64208 hands, and the bottom rebounded between 707 and 723 within the day, closing at 720.5. The main organization within the day clearance single 4647 hands.
Demon Jiao J1909 main contract:
During the day, there was a sharp increase in positions and a reduction in positions to 29004 hands, with a bottom rebound between 2088 and 2130 and a close of 2127. The main organization has a net increase of 1881 hands per day.
Coking coal JM1909 main contract:
During the day, there was a sharp reduction in positions and tail positions to 10308 hands, with a strong shock between 1366 and 1384.5 during the day and a final closing of 1380. The main organization within the day clearance single 71 hands.
Forecast for tomorrow.
1. Spot: stability is the main aspect.
two。 Futures:
RB1910 main contract: between 3710 and 3780 concussion.
HC1910 main contract: between 3580 and 3670 concussion.
Iron ore l1909 main contract: between 710 and 735 concussion.
Demon Jiao J1909 main contract: between 2100 and 2190 concussion.
Coking coal JM1909 main contract: between 136 and 1410 concussion.
< 4 > suggestions for current operation. See Weekly Review for details (June 1). )
< 5 > Heart language and information.
1. Yangquan transmission: gas explosion occurred in a coal mine in Yangquan, Shanxi Province, resulting in 2 deaths and 9 injuries.
two。 The price of coke in the non-main coke area increased in the fourth round. Steel enterprise: the high language bird is not surprised.
3. Spot prices fell to this, some arc furnace steel enterprises gross profits close to the break-even line; steel enterprises normal maintenance "make-up lessons" is increasing.
4. The decline in iron ore inventory data has converged, and the futures mine has fully countered expectations. High demand, high discount, supply-side convergence superposition the author predicts the probability of profit of steel enterprises to expand again in August. The mine is still looking forward to, on the low Buduo although late still late, do not dance with the wall school.
5. The author concludes that the bi-directional compression of gross profit of arc furnace steel is being deduced. no, no. The inventory of scrap resources in some electric arc furnace steel enterprises is low, and the current price is stable, but it is difficult to purchase. The same is true of iron ore spot, although the price fell by 2 to 15 yesterday, but the willingness of traders to ship is not strong.
With yesterday's heart words and information.
1. Tangshan area billet short rhythm rise and fall are not easy: the rise is subject to billet rolling no profit, falling cost strong support.
two。 Recently, the environmental protection situation of coke enterprises in Shanxi is grim.
3. The escalation of Sino-US trade frictions and the acceleration of the adjustment of counter-cyclical factors are high probability events!
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 1.
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)
