Futures: coke on Thursday 2109 pressure callback, reduce more than 100 hands. Top 10 capital flow: long scattered increase or decrease warehouse, high concentration; Shorts spread out and add positions. The recent environmental inspection team settled in Shanxi, local coke enterprises shut down boost price expectations; local coke enterprises raised coke price by 100 in the first round; futures bulls accelerated the long-term increase of positions, and the market rebounded after a strong rally. The recent strong rush after the guard back wash, pay attention to the flow of funds, market sentiment and price adjustment expectations on the pace of the market.
The spot: The first round of coke enterprises across the country to raise the coke price 100. Jinzhong, Luliang area nearly 3 million tons of coking capacity has been shut down; Along with steel prices rise, environmental protection inspection team settled in Shanxi, coke prices rise. Rizhao, Qingdao port trade coke prices, transactions in general: Quasi level 1 coke 2250, Level 1 coke 2350, tax included price. The newly put into production capacity of coke enterprises is gradually released, the inventory decreases slightly and is transferred to steel mills and ports, the high demand of steel mills, the coke inventory decreases, and the port inventory increases.
Brief strategy: Coke 2109 strong rushed after the prevention of a pullback wash, pay attention to the flow of funds, market sentiment and price adjustment expectations on the pace of the market impact. Band operation: flat more wait and see, if the down2400, 2430 near the stability can try more low, if the rush 2500, 2530 near the pressure can meet more high flat. Short-term operation: hold 10% short capital positions, break through 2470 to close the position, if 2400, 2430 stabilize can be considered low level with stop loss test more, if the pressure near 2500 can be considered high with stop loss test; Short-term key levels: 2450, 2480.
Strategy analysis: At present, monetary and fiscal easing in various countries strongly supports the economy, and the vaccine is expected to play a dominant role in macro demand. Domestic strengthen macro-control, loose policy to stabilize economic growth. At present, the new production capacity of coke enterprises is released, but the local coke enterprises in Shanxi have been shut down, leading to rising futures, steel prices rise caused by coke prices, the first round of coke prices around the coke enterprises increase 100; Futures to accelerate the move to the far month, the continuation of the rally after the high guard back wash, pay attention to the impact of steel price fluctuations on the coke price and price adjustment expectations on the pace of the market impact.
