Threaded steel low recovery, short-term operation

Release time：May 24, 2019 From：anonymous

Disk situation: Friday RB1905 contract low rebound, the highest reported 3779, the lowest reported 3742, closing 3768, down 0.11% from the previous trading day; trading volume 2882038, -352960; positions 2040814, -5640; basis 172, reduced 6; RB10-5 month spread -256, reduced by 14.

    News: On March 22, the Ministry of Eco-Environment announced that the National Air Pollution Prevention and Control Association has basically clarified the causes of heavy atmospheric pollution in Beijing-Tianjin-Hebei and surrounding areas. The research results show that the high-intensity emission of atmospheric pollutants is the most important reason for the formation of atmospheric pollution in Beijing-Tianjin-Hebei and surrounding areas in autumn and winter. Coal, industrial, motor vehicles and dust are the four major sources of pollution, accounting for about 90%.

    Market price: 20mmHRB400 three-grade rebar Shanghai offer 3940,-10; Guangzhou offer 4250,-; Beijing offer 3890,-10; Fuzhou offer 4110,-10. (Unit: RMB / ton)

    Warehouse receipts: The last year's rebar warehouse receipts were 38,324 tons, which was flat.

    Main position: The top 20 net positions of today's main contract are 6146 nets, and the mainstream positions are increased by more, and the net is turned to clearance.

    Summary: At present, the spot market price is relatively confusing, which leads to aggravation of the downstream wait-and-see attitude. Unless the purchase is particularly needed, it will be postponed more, and the overall market turnover is weak. The current decline in market inventories is the key to supporting prices, but the positive impact of tax reforms has led to a decrease in the amount of stocks shipped this month. Technically, the RB1905 contract continues the range volatility pattern. The 1-hour MACD indicator shows that the green column is shrinking; the 1-hour BOLL indicator shows that the opening is slightly expanded. Operational recommendations, short-term maintenance of 3750-3820 range low buy high throw, stop loss 25 yuan / ton.