Ruida Futures: Downstream raw material inventory rebounds and coke procurement slows down

Original title: Ruida Futures: Downstream raw material inventories rebounded, coke procurement slowed down

　　Disk situation:The J2109 contract fell sharply, with the highest at 2588.0, the lowest at 2487.5, and the closing at 2499.5, -3.62% from the previous trading day; position 153427 hands, -10694, basis 280.5, +36.5; JM January-September spread -32.5, -2.5.

　　news:On June 6, 2021, the General Department of the National Mine Safety Supervision Bureau issued a notice on holding a national mine safety production video conference: Resolutely prevent accidents from rebounding.

　　Market price:First grade metallurgical cokeTianjin harborThe quoted price is 2970 yuan/ton (closing price including tax), which is the same as the previous trading day; quasi-level metallurgical cokeTianjin harborThe quoted price was 2870 yuan/ton (closing price including tax), which was the same as the previous trading day. Tangshan quasi-first grade gold coke quoted at RMB 2,780/ton (arrival price including tax), which was the same as the previous trading day; Tangshan second grade metallurgical coke quoted RMB 2720/ton (arrival price including tax), which was the same as the previous trading day .

　　Warehouse Receipt Inventory:The daily coke warehouse receipt of DCE is 40 lots, +0.

　　Main forcePosition:The top 20 long positions of the main contracts of the day were 96315 lots, -11590; short positions were 99432 lots, -10469; and the headroom was 3117 lots, +1121.

　　to sum up:The mainstream coke market is stable but weak. Some coking companies in Shanxi implement production restrictions; Shandong Province has introduced a policy of “fixing coke with coal”, and independent coking companies are expected to limit production by 35%. The current sales situation is good, the inventory pressure is low, and some coke companies have accumulated a little inventory. The coke inventory of steel mills continued to rise, and the finished product market entered the off-season. Some steel mills were generally motivated to receive goods and were willing to suppress coke prices. In the short-term, the coke market may operate steadily and weakly. Technically, the J2109 contract fell sharply, and the daily MACD indicator showed that the red kinetic energy column was narrowing. Pay attention to the moving average support. Operational recommendations, short shorts near 2510 yuan/ton, and stop loss refer to 2540 yuan/ton.

(Article Source:Ruida Futures）

(Editor in charge: DF078)