Disk trend: PK2110 opened at 9012 and closed at 9018, -0.11%. The trading volume was 18,058 lots, and the open interest was 34,747, +419; the monthly spread of PK2110-2201 was -88, -12.
News: 1. According to data from the National Bureau of Statistics, the price of oil-bearing peanuts in the market in late June was 8233.3 yuan/ton, down 6.7 yuan/ton or 0.1% from the first half of June. The price has fallen continuously since early March. 2. On July 8, the quotation of Henan Nanyang Spring Rice Co., Ltd. was about 4.25 yuan/kg, which was the same as the previous day, and fell by 0.15 yuan/kg, or 3.41%, from the previous day. The price of Henan Zhengyang wheat stubble currency rice was 4.1 yuan/jin, the same as the previous day, and 0.1 yuan/jin, or 2.44%, from the 10th day ago.
Market quotation: Anyang, Henan, quotation 8,400 yuan/ton, Handan, Hebei, quotation: 8,800 yuan/ton, Qingdao, Shandong, quotation: 8,200 yuan/ton (unit: yuan/ton)
Warehouse Receipt: 0 lot of warehouse receipt.
Main positions: Peanuts top 20 long positions at 16670, +744; short positions at 19511, +231, net positions -2841. (Unit: hand)
View summary: Due to the impact of the epidemic in the early stage, shipping prices have skyrocketed, and the arrival of imported peanuts in Hong Kong has been delayed by 1-2 months compared with previous years. In recent years, the import volume of peanuts in my country has been increasing. The lack of a relatively cheap supply of imported peanuts has made domestic supply tight and prices have risen. After the peanuts arrived in Hong Kong one after another, oil plants generally completed the purchase and storage work, which caused an oversupply situation, and the price of peanuts fell sharply. A large number of peanuts, the main producing area in the north, will be on the market from September to October, and there will be a low price and a continuous price decline range. At this time, new works have not been released, old ones have been cleared, market purchases and sales are weak, and prices are consolidating at low levels. Before the emergence of new trading logic, the fundamentals of Peanuts were bearish. Benefiting from the increase in live pig stocks and the full development of aquaculture, the price of peanut meal has risen steadily, but the price of peanut meal is less affected by peanut meal. On the disk, the PK2110 contract traded sideways at a low level. It is recommended to enter the market at a short rallies. The PK2110 contract opens around 9200. Refer to the stop loss point of 9500.
