The closing price of the main iron ore contract is 662.5, down 8.5 points, and the range [658.5 682.5] is the fluctuation range of today's market and the decline reaches -1.27%;

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Trading principles: holds the most profitable positions , closes the positions with the largest losses; light positions to trend, heavy positions to do intraday...

Spot market overview

9 September crude steel production increased significantly, exceeding expectations. After crude steel production turned positive in August, output in September increased by 17.6% year-on-year, and pig iron and steel also experienced a 2-digit year-on-year increase in , which is extremely incompatible with the current demand situation.

Even if the steel production peaked in October, it may continue to maintain a high year-on-year growth possible. If production control is lower than expected, there will be greater pressure on the supply and demand relationship under inventory and off-season demand.

The spot market is subject to real estate and consumption, and both data are still relatively weak. At the same time, investment, export and employment rates have not met market expectations. The October meeting failed to see the industrial policy expectations, and the Federal Reserve faced a hike in rate hike in at the beginning of next month, and the market environment was not optimistic.

Futures Market Overview

Iron ore main contract closing price 662.5 , falling 8.5 points, range [658.5 682.5 ] is today's market fluctuation range and decline to -1.27% ;

thread main contract closing price 3580 , falling 3 Points and ranges [3555 3620] are the fluctuation range of today's market, with a drop of only -0.08% , which can be ignored;

coke main contract closing price 2556.5, falling 23 points, with a range [2550 2619] are the fluctuation range of today's market, with a drop of only -0.89% .

(Note: The above content is mainly closed as of the 26th)

Summary: The overall operating pattern on the 26th is a wide range of fluctuations and pressure downward, among which iron ore has the largest decline, with a space of 24 points of shock, and the smallest decline is a thread. It fell slightly to the closing, with a 65 points of shock, which is relatively weaker than iron ore. The amplitude of coke also reached 69 points, and there will be a lot of profit margin in short-term trading.

From the perspective of the market, opened high and closed high in the early trading, and finally formed a volatile situation. It is basically in line with the previous strategy. Currently, the market sentiment is mainly bearish and generally closed down on the 26th. Although the after-hours decline is not large, it has hit new short-term lows. The iron ore price still sticks to the 650 position. The bears once wanted to break through the decline, but all ended in failure for several days.

is mainly the game between and the Air Force, and the market forecast continues to fluctuate and fall.

Futures variety strategy

Iron ore 2301 Follow the price range [650, 710]. If the 650 support level breaks, the next target level is estimated to be 550. The current price remains in the short track, and it is estimated that today will still be mainly oscillating and downward.

Rebar 2301 Follow the range [3500, 3900]. If the 3500 support level breaks, short positions can continue to hold in the long term and wait and see in the short term; it is estimated that the market will continue to fluctuate in the future and under pressure, and there is no chance to wait and see for the moment.

Coke 2301 Follow the price range [2380, 3000], follow the principle of trend short sellers not going long, pay attention to the 2500 position in the short term, and it is estimated that today's fluctuation will mainly fall, and there is no chance to wait and see for the time being.

• Warm reminder: market is risky, so you must be cautious when investing!
• Disclaimer: The above contents of are purely personal opinions and are for your reference only and do not constitute investment advice yet!

Author: Beiyu