Rebar reloading, short-term operation

Release time：May 08, 2019 From：admin

Disk situation: Wednesday RB1910 contract Masukura fell, the highest reported 3764, the lowest reported 3721, closing 3731, down 0.96% from the previous trading day; positions 2424686, +122314; basis 419, expanded 26; RB1-10 monthly spread - 271, shrinking by 9. 

    News: With the end of the heating season, steel mills have resumed production in April, and the operating rate of blast furnaces will pick up in the second quarter. At the same time, due to the current profit of steel mills, production enthusiasm is still there. If the requirements for peak production in various places are taken into consideration, it is not very large from the current implementation. In addition to the current steel mill maintenance plan, it is basically in a state of “shelving” or “delayed”. 

    Market price: 20mmHRB400 three-grade rebar Shanghai offer 4150,-10; Guangzhou offer 4280,-; Beijing offer 4100,-10; Fuzhou offer 4230,-20. (Unit: RMB/ton) 

    Steel mill price adjustment: On May 8, 2019, Guangxi Guixin Iron and Steel Group Co., Ltd. adjusted the ex-factory price of some varieties. The specific adjustments are as follows: wire price is lowered by 30 yuan/ton, now 8-10mmHPB300 The ex-factory price of the general carbon high line was adjusted to 4,460 yuan / ton. The price of rebar is lowered by RMB 30/ton, and the ex-factory price of Ф18-25mmHRB400E thread is adjusted to RMB 4270/ton. 

    Warehouse receipts: The rebar warehouse receipts in the previous period were 2,723 tons, an increase of 2,723 tons. 

    The main position: Today's top 20 net positions of the main contract are net more than 16,090 hands, the mainstream position increase is more than the single, the net reduction of 24,329 hands. 

    Summary: Rebar futures are down, and traders are downgraded. According to the spot market, some steel mills have been shipping in the near future, and the inventory in the factory has gradually declined. As the downstream demand is still strong in the second quarter, the superimposed monthly contract has a larger discount rate, and the short-term market may be repeated. Technically, the RB1910 contract oscillated downward, and the 1-hour MACD indicator showed a green column amplification; the 1-hour BOLL indicator was enlarged. Operational recommendations, short-term maintenance of the 3720-3800 range low buy high throw, stop loss 25 yuan / ton.