<h1 class="pgc-h-arrow-right" data-track="4" > market overview</h1>
On the morning of October 27, the National Development and Reform Commission issued a document saying that it would work with relevant departments to deploy the clean-up and rectification of coal storage sites in coal production areas.
On the morning of October 27, the National Development and Reform Commission convened a meeting of the China Coal Industry Association and some key coal enterprises to study specific measures for intervening in coal prices. The meeting further clarified the details of the limit price of thermal coal, the pit mouth price has been uniformly formulated by the NDRC, the benchmark price is 440 yuan per ton, the highest rise is 20%, that is, 528 yuan per ton, and coal enterprises can determine the pit mouth price within the range on the basis of the benchmark price.
On the night of October 27, with another heavy news, the National Development and Reform Commission and the State Administration of Market Supervision jointly carried out a special inspection of the spot market price, and found violations of laws and regulations in the eyes.
Affected by this news, the three coal brothers once again staged a downward tide, driving the domestic futures market to kill the whole line, and non-ferrous metals generally fell lower and plummeted. The coal sector of the A-share market led the decline throughout the day, and many shares fell to a halt.
In terms of the index, the Shanghai index shocked lower throughout the day, closing down 1.23%, consumption slightly strengthened, cyclical stocks fell sharply, only small household appliances in the industry sector were slightly stronger, the new energy track was also generally adjusted, and the weighted sector with performance risks was also relatively weak, dragging the index down further.
Recently listed new stocks Chengda Biological, Rongmei shares both broke, Chengda Biological closed down 27%, the loss of more than 10,000 yuan, individual stocks generally closed down, the two cities more than 3400 shares drifted green, the market sentiment is extremely depressed.
In terms of foreign capital, northbound funds against the trend of bottoming, the net purchase of 7.172 billion yuan throughout the day, which can be seen in the attitude of northbound funds, part of the reason for the decline is due to the rise in raw material prices, supply shortages, resulting in the profits of some white horse stocks are compressed, resulting in a short-term killing, but smart money is unusual, against the trend to increase the bottom.
<h1 class="pgc-h-arrow-right" data-track="16" > technical trend</h1>
The Shanghai index opened low throughout the day, once again explored the support of the 3515 area, due to the short drag of the release of some weighted risks, the third quarter performance will usher in the last sunrise tomorrow, and the bottom of the market will also be discovered. Focus on the bottoming out of the 3495/3475 area below, it is expected that tomorrow morning there will be a low in the intraday, and the probability of intraday reversal is larger; the ChiNext board is slightly stronger, still sticking to the retracement support line in the 3270/3280 area, actively optimistic about the future market, after the risk is released in a concentrated manner, it is expected that the market will usher in a major turning point in November, pay attention to the low suction opportunities of high-performing stocks.