The influence of coal types-thermal coal, coking coal and coking coal on supply security is still outstanding.
This week, the "three brothers" of coal futures continued to fall as a whole. The main contract of coal futures zc20 1 fell by 8.59% a week, coking coal futures jm220 1 fell by 7.97% a week, and coke futures j220 1 fell by 3.09% a week.
On Tuesday (165438+1October 9th), China Coal Group lowered the sales price of thermal coal in ports and pits again. First, the closing sales price of 5500 kcal coal in the northern port is all below 1 100 yuan/ton; Second, the price of 5,500 kcal coal pits of Shanxi, Shaanxi and Inner Mongolia production enterprises shall not exceed 900 yuan/ton, which will fully guide the reasonable market expectation and the return of coal prices to rationality.
According to the latest reference price of CCTD thermal coal pit, the reference price of Ordos 5500 kcal thermal coal is 905 yuan/ton; The reference price of Yulin 5800 kcal thermal coal is 1 145 yuan/ton; Reference price of Datong 5500 kcal thermal coal 1005 yuan/ton. In terms of inventory, the inventory of Qinhuangdao Port was 5.65 million tons, a change of 60,000 tons from the previous month; SDIC Jingtang Port has an inventory of 6.5438+0.9 million tons; Caofeidian Port has an inventory of 3.5 million tons; Huanghua Port has an inventory of 3.2 million tons; Guangzhou Port has an inventory of 2.054 million tons.
The supply of agricultural products-soybean meal and rapeseed meal is still the upward resistance of soybean meal, and the supply and demand of rapeseed meal are both weak.
This week, RM20 1, the main contract of rapeseed meal futures, rose by 7.73%, and the futures price broke through the year-end high of 10 and rose to around 2700. The main contract of soybean meal futures LH220 1 rose by 3.4 1%.
Beans rose for three consecutive days, pushing rapeseed meal strong, and the sun rose for five consecutive days. However, the soybean meal is still weak, and the futures price of the main contract is blocked near Zhou Xiaoping Station, so the initiative of rising is insufficient. It is expected that the pressure of importing a large number of soybeans in Hong Kong will still exist, and the substitution effect of corn and soybean meal in pig and chicken feed will continue to affect the demand for soybean meal.
In related news, before the US Department of Agriculture (USDA) released the 1 1 monthly supply and demand report on Tuesday, the market was generally short and the unit yield was expected to increase. As for the reported adjustment of unit output, it did not meet market expectations, but declined, which neutralized the impact of the decrease in exports and eventually led to a limited increase in the United States' carry-over inventory. The overall report is neutral. US soybean exports decreased by 6,543,800 tons, while Brazilian soybean exports increased by 6,543,800 tons, reflecting the recent shift in China's purchase demand. It is expected that South America will maintain Brazil's high yield, and Argentina's output will be lowered by 6.5438+0 million tons.
CIC said that the US Department of Agriculture unexpectedly lowered US soybean production to ease supply concerns, and the domestic soybean meal market revised its previous oversold. 1 1 to 1, domestic soybean arrivals will increase rapidly, while the supply prospect of soybeans in South America is still optimistic, and the domestic demand side has limited effect on boosting soybean meal prices. Before the soybean speculation in South America, the supply pressure was still an important resistance to the upward trend of soybean meal futures. Da Rui Futures said that the current spot market rapeseed meal trading is relatively light, and the market price attitude is weak. Overall, the domestic rapeseed meal market as a whole shows a weak supply and demand trend, and it is expected that soybean meal will rebound in the short term.
This article is from Caijing.com.
Related questions and answers: What do you think of the master contract? The main contract can often be found as the main contract by opening the quotation page of the trading software, or it can be easily found from the "main company" in the quotation software. 1. The main futures contract refers to the contract with the largest position. Under normal circumstances, the contract with the largest position is also the largest. 2. "Main company" represents the continuous quotation of main contracts in different periods. 3. It should be noted that futures are different from stocks, because futures contracts are delivered after the last trading day of the contract, so the life cycle of the main futures contract is limited, and it will change to the later contract with the passage of time, which is what we usually call changing the moon.