Rebar
Source: Free Genuine Gallery
Last week, the thread output was 2.2689 million tons, a decrease of 72,800 tons from the previous month; the factory warehouse was 1,865,200 tons, an increase of 76,200 tons month-on-month; The social treasury was 5,041,700 tons, an increase of 339,500 tons, and the table demand was 1,853,200 tons, a decrease of 322,300 tons from the previous month. On the whole, the thread fundamentals have weakened significantly seasonally, the output has decreased for the fifth consecutive week, the factory warehouse has changed from a decline to an increase, the social treasury has increased for the seventh consecutive week, and the table demand has decreased for the third consecutive week. Weak demand will suppress thread prices, but macro policy expectations are still supportive, and the market is expected to continue to fluctuate. #期货[Super talk]##Futures##Futures account opening##Rebar##焦煤期货#
coking coal
Source: Free Genuine Gallery
Overall view: On the supply side, there is a certain increase in domestic production after New Year's Day, but recently near the Spring Festival, some coal mines have been on holiday, and the supply increment is limited before the Spring Festival, so we will continue to pay attention to the changes in the price of Mongolian coal and Australian coal. On the demand side, the profits of steel mills have turned from negative to positive, profits continue to improve, there is still room for hot metal to increase, the raw material inventory of steel mills continues to rise, the demand for replenishment before the Spring Festival is nearing the end, and the follow-up hot metal mainly drives demand. In terms of inventory, the overall inventory of coking coal is still at a historically low level, and the price is resilient below. On the whole, the increase in coking coal supply before the Spring Festival is limited, the profits of steel mills on the demand side are improving, there is still room for hot metal to rise in the short term, and there is still support below the disk, but the downstream raw material inventory is basically close to the safe level, and it is expected that there is not much space above the spot, and the short-term disk or shock operation, 05 short-term focus on the support near 1750, and the pressure near 1850 above.
coke
Source: Free Genuine Gallery
Overall view: On the supply side, the cost of coal entering the furnace has not changed much, and coking enterprises have maintained small profits, but due to the signs of rebound of some coal types, it is expected that the enthusiasm for coking production will still be low in the short term. On the demand side, the profits of steel mills and rebar mills continue to repair, and there is still the possibility of increasing the molten iron. In terms of inventory, the overall coke inventory is still at a historically low position, and the price is resilient below. On the whole, there is some support on the short-term coke cost side, while the recent steel mill profits are repaired, the molten iron increases, and the short-term spot support is enhanced, but the coke inventory continues to increase, and the space for continuing to replenish the warehouse before the Spring Festival is limited, and the disk 05 basically fluctuates around the factory warehouse receipts, and is expected to continue to fluctuate in the short term, focusing on the support near 2350 below, and the pressure near 2550 above.
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