marlingbaits| Manganese and silicon: Ferrous metal futures prices rose 5.51% on May 13, and spot prices were higher than futures
Newsletter summary
Ferrous metal futures prices were strong on May 13, with the main manganese silicon rising more than 5% to 9006 yuan / ton.MarlingbaitsThe main force of ferrosilicon rose by 1Marlingbaits.12%, at 7208 yuan / ton; the current contract of hot coil, stainless steel and iron ore is upside down, and the base difference of rebar and wire rod is-2 respectively.Marlingbaits.56%,-2.33%.
Text of news flash
[on May 13, most varieties of ferrous metal plates in the domestic futures market rose, with the main manganese silicon rising by more than 5%. On May 13, the performance of ferrous metal plates in the domestic futures market was strong, with prices of most varieties rising. The main contract of manganese silicon increased significantly, reaching 5.51%, with a quotation of 9006.00 yuan / ton. Ferrosilicon main contract also rose slightly, an increase of 1.12%, quoted at 7208.00 yuan / ton. However, the main contract for wire rod fell by 1.33%, with a quotation of 3853.00 yuan / ton. [list of price changes of ferrous metal futures contracts] the prices of ferrous metal futures contracts such as rebar, iron ore, stainless steel and hot rolls also fluctuated. The opening price of rebar is 3658.00 yuan / ton, yesterday's closing price is 3662.00 yuan / ton, and yesterday's closing price is 3652.00 yuan / ton. The opening price of iron ore is 873.50 yuan / ton, yesterday's closing price and closing price are 873.50 yuan / ton and 867.00 yuan / ton respectively. The opening price of stainless steel and hot coil is 14240.00 yuan / ton and 3815.00 yuan / ton respectively, yesterday's closing price is 14290.00 yuan / ton and 3806.00 yuan / ton respectively, and yesterday's closing price is 14190.00 yuan / ton and 3797.00 yuan / ton respectively. [ferrous metal warehouse receipt data and basis] ferrous metal warehouse receipt data show that the number of warehouse receipts for rebar, stainless steel, hot coil and ferrosilicon has decreased, while the number of manganese silicon warehouse receipts has increased. Specifically, the cumulative warehouse receipts for rebar decreased by 900t, stainless steel by 1294 t, hot coil by 2392 t, ferrosilicon by 160t, and manganese silicon by 3965 t. In addition, hot coil, stainless steel, iron ore and other varieties of contracts appear "cash upside down" phenomenon, that is, the spot price is higher than the futures price. Take rebar as an example, the spot price is 3560.67 yuan / ton, while the futures price is 3652 yuan / ton, the basis is-91 yuan / ton, and the basis rate is-2.56%. [remarksMarlingbaits: basis = spot price-futures price] when trading ferrous metal futures, investors should pay attention to important indicators such as futures price, spot price, basis and basis ratio of various varieties, in order to better grasp the market situation and investment opportunities. At the same time, paying attention to the changes of warehouse receipt data can also understand the supply and demand situation of the market and further guide investment decision-making.
