On November 9, domestic futures closed up and down. The main thermal coal contract fell by 7.5% in the afternoon, styrene, urea, coking coal, methanol fell more than 2%, pig, soybean oil fell nearly 2%; in terms of increase, red dates rose more than 3%, rapeseed meal, PVC rose more than 2%.
China Coal Group once again made efforts to comprehensively reduce the price of coal at the port pit
In order to fully ensure that the people are warm through the winter and consciously maintain the smooth operation of the social economy, China Coal Group resolutely maintains consistency with the Party Central Committee, further improves its position, bears in mind the greatness of the country, starts from the people, takes the initiative to take action, and once again comprehensively reduces the sales price of thermal coal in the port and the pit mouth. First, the sales price of 5500 kcal coal in the northern port is all below 1100 yuan / ton, and the second is that the 5500 kcal coal pit price of the Affiliated Jinshan-Mongolia Production Enterprise is not more than 900 yuan / ton, and strive to guide the market to reasonable expectations and guide the coal price to return to rationality. (China Coal Market Network)
Yide futures: After the winter, the coal market will enter a situation of weak supply and demand
At present, downstream demand has begun to gradually pick up, but after the sharp improvement of coal production and inventory in various links, the contradiction between coal supply and demand in winter tends to ease. After the winter, the coal mines that have been added due to temporary supply guarantees will gradually be converted into permanent nuclear coal mines after completing the follow-up procedures, and some coal mines that cannot make up for the formalities will cancel the nuclear increase and increase part of the output.
Overall, coal production capacity is expected to decline, but coal consumption will also enter the off-season. Therefore, after the winter, the coal market will enter a situation of weak supply and demand, and the price will be more rational and stable.
Founder medium-term futures: red dates rose sharply, paying attention to the industrial chain for the opening price of the game
Heavy snowfall occurs in some producing areas in Xinjiang, and at present, it has little impact on the jujube on the tree, but it will delay the harvest time of the jujube on the tree, and the quality of the jujube that falls to the ground may affect (accounting for a relatively small proportion). The weather speculation in the production area, superimposed on the recent reduction of jujube farmers and the rise in planting costs, the sales sentiment is stronger, and the price of unified goods has continued to strengthen recently, and there has been a sharp rise in the disk on Monday. At present, the progress of Xinjiang red jujube tree is close to 50%, the mainstream transaction price of the unified goods is 7-8 yuan / kg, the current jujube farmers are reluctant to sell the mood, in the short term, we still need to pay attention to the game of the opening price in the upper and middle reaches of the industrial chain, the commodity rate is estimated at 85-95%, the current warehouse receipt cost is still significantly lower than the futures price, and the industrial end of the hedging delivery profit is more considerable. Sales area market, Cangzhou affected by the blizzard stalls less merchants, the first-level gray jujube reference 10000-10500 yuan / ton is acceptable, after the weather turns cold jujube consumption into the seasonal peak season, but need to be vigilant about the recurrence of the epidemic on the jujube consumption may have a negative impact.
In summary, the weather speculation superposition is currently in the middle of the industrial chain for the new season jujube price game stage, the futures price will still fluctuate widely. At present, hedging delivery is very profitable, and the industrial side can lock in excess profits beyond the spot market in combination with spot positions. At present, the spread of 1-5 can exceed the storage and capital interest expenses, and there is a certain profit margin in the set.
Ministry of Agriculture and Rural Affairs: The market supply has increased, and the possibility of a correction in the price shock of cotton in the later period is greater
In 2021/22, cotton entered the final stage of harvesting, and most of the country's meteorological conditions were generally favorable for cotton harvesting. As of November 5, the progress of new cotton picking nationwide was 82.8%, down 3.5 percentage points year-on-year, of which the progress of cotton picking in Xinjiang was 82.6%, down 4.8 percentage points year-on-year.
This month's forecast for cotton production in 2021/22 is 5.73 million tonnes, imports of 2.5 million tonnes and consumption of 8.2 million tonnes, with supply and demand basically balanced, in line with last month's forecast. With the listing of new cotton scale and the continuous release of central reserve cotton, the market supply increases, and the possibility of a shock correction in cotton prices in the later period is greater.
Internationally, the overall growth of cotton in the major producing countries in the northern hemisphere is normal, the cotton production of the United States, Pakistan, West Africa and other countries and regions has increased compared with the previous year, the tight balance of global cotton supply and demand has eased slightly, and the international cotton price is still oscillating in the forecast range of 75-105 cents per pound.
Source: Sina.com