Iron ore rose, coal rose, main contract of steam coal futures approached historical high

category:Finance
 Iron ore rose, coal rose, main contract of steam coal futures approached historical high


Main contract month K of steam coal

In addition, the main contract of domestic coke futures rose by more than 3% to 2576.5 yuan / ton, a new high since August 2018.

Coking coal and steam coal rise together

In recent years, the domestic coking coal market is relatively strong, and the main coke prices of mainstream coal enterprises have increased. Technically, jm2101 contract has risen sharply, and zc101, the main contract of steam coal, has reached a record high.

Coking coal futures contract quotation

Quotation of steam coal futures contract

Huatai futures believes that in the near future, the safety inspection is expected to continue to be stricter, the coal mine operating rate is declining, and the overall supply of imported Mongolian coal is greatly contracted due to the impact of the epidemic situation, Australia coal customs clearance is still strict, and the overall supply of coking coal is tight. At present, enterprises are still willing to make up coke storage in the lower reaches with high profits. In the short term, the supply of coking coal is tight, the profits of coke enterprises are extremely high, the demand is strong, and the overall price of coking coal is relatively strong.

In terms of steam coal, the market is relatively strong. At present, the non power coal industry is still in the peak demand season, and the consumption of steam coal is still strong support. In addition, the weather in the north is obviously cooling down, and the market is expected to strengthen the cold winter, so the consumption of steam coal in the later stage is still expected. On the whole, due to the current restrictions on imported coal are not loose, domestic production is mainly to guarantee supply, while the demand for downstream power coal is increasing, and there is a certain gap between supply and demand of non electric coal, which has strong support for the price of steam coal, and the current price still shows a rotating upward pattern.

At the same time, A-share coal concept also shows a strong trend. On December 2, a number of coal related industry stocks continued to soar, Zhengzhou coal power, Anyuan coal industry limit, cloud coal energy rose more than 6%. The share price of Zhengzhou coal power has doubled in a short period of one month. Xishan coal power rose nearly 7% yesterday and rose 0.51% today.

Trend of coal industry related stocks on December 2

Guotai Junan, Huang Yanming: do not give up on traditional industries in 2021

Goldman Sachs recently released its investment forecast for 2021. It believes that the main logic for commodities to enter a bull market next year is excessive liquidity, the depreciation of the US dollar, and the rebound in demand after the epidemic. However, there will be a structural rise in overall commodities. The earliest rebound may be basic raw materials, then food, and finally energy.

At the 2021 annual strategy seminar held by Guotai Junan Securities this morning, Huang Yanming, director of Guotai Junan Securities Research Institute, delivered a keynote speech and shared his latest views on the market.

From now on to the first and second quarters of 2021, the Shanghai Composite Index will still maintain a horizontal oscillation between 3100 and 3500 points. Even if it can cross 3500 points during this period, it is difficult to stand at 3500 points. We need to continue to return to this range to seek the strength of future breakthroughs. The momentum of economic recovery in the first half of 2021 mainly comes from consumption and exports, which are the core driving force for the choice of industries and sectors in the first half of 2021. After the epidemic, some enterprises with poor production capacity and weak cash flow management have been eliminated, and the industrial structure of the industry has been improved, which enables the surviving enterprises to obtain global development opportunities in the future, which mainly occurs in traditional industries. Domestic investors who are used to focusing on emerging industries should not give up their attention to traditional industries in 2021. Source: daily economic news, comprehensive market news, Securities Research Report, Shanghai Securities News_ NF4368

From now on to the first and second quarters of 2021, the Shanghai Composite Index will still maintain a horizontal oscillation between 3100 and 3500 points. Even if it can cross 3500 points during this period, it is difficult to stand at 3500 points. We need to continue to return to this range to seek the strength of future breakthroughs.

The momentum of economic recovery in the first half of 2021 mainly comes from consumption and exports, which are the core driving force for the choice of industries and sectors in the first half of 2021.

After the epidemic, some enterprises with poor production capacity and weak cash flow management have been eliminated, and the industrial structure of the industry has been improved, which enables the surviving enterprises to obtain global development opportunities in the future, which mainly occurs in traditional industries. Domestic investors who are used to focusing on emerging industries should not give up their attention to traditional industries in 2021.