Download the Sina Finance APP to view more futures information and Weibo exchange views
On June 30, the domestic commodity futures market opened with mixed results.iron oreFell more than 2%,CokeFell by more than 1%; styrene rose by more than 3%,Shanghai LeadRose more than 2%,Methanol、palmRose more than 1%.
Black varieties usher in a strong and weak transition
The decline in coke prices is caused by many factors: “First, downstream steel mills have recently implemented strict environmental protection and production restrictions. Only Tangshan has a furnace volume of 111800 square meters, which affects about 338,600 tons of molten iron per day, reducing coke. The consumption is about 145,600 tons, and the demand for coke has dropped rapidly; second, some coking companies have extended the coking time. On the one hand, the coking companies have limited efforts to limit production. On the other hand, some new production capacity is being put into operation one after another. Shanxi Wanxin reaches 600,000 tons of dry coal. The quenching project was put into operation. It is estimated that the 1.72 million tons of coking project at Yumenkou Coking will be completed and put into operation in early July; thirdly, the cost of coke will be reduced, and it is expected that after JulyCoking coalThe supply will increase accordingly to improve the supply relationship of coking coal. Recently, the National Development and Reform Commission stated that coal prices have entered a downward channel in July, and the market expects that coal mines in production areas will not only resume normal production in July, but may also release part of the new capacity. “Zhonghui Futures Coal and Coke Researcher Du Peng said.
Liu Mengmeng, a black researcher at Huishang Futures, believes that if the implementation is in place, the Tangshan braising furnace will have a total volume of 111800 square meters, which will affect a total of about 338,600 tons of molten iron per day, and the capacity utilization rate will remain at 13.69%; in terms of the average daily impact volume,RebarAbout 32,100 tons, about 29,900 tons of coils, about 86,200 tons of hot-rolled coils, about 38,000 tons of hot-rolled strip steel, about 9800 tons of section steel, and about 6,000 tons of medium and heavy plates. Handan Steel Company has implemented a full shutdown of sintering machines and some blast furnaces from June 28, and some warehouses in Wu’an have received a notice to suspend loading. The cancellation time is 6 pm on July 1. As of Tuesday, the 53 local sample blast furnaces in Handan had an operating rate of 69.77%, a capacity utilization rate of 65.18%, and a blast furnace hot metal output of 71,800 tons per day, affecting 38,300 tons of hot metal per day. The steel mills in the Linfen area of Shanxi have completely halted production on the evening of June 27, and the Yuncheng, Changzhi and Taiyuan areas are basically scheduled to cease production on the evening of June 28, and all steel plants in Shanxi will resume production on July 2. . The suspension of production of large-area steel mills’ ovens affected the consumption of raw materials, so raw materials prices fell. (Futures Daily)
Massive information, accurate interpretation, all in Sina Finance APP
Editor in charge: Shi Moyan
.