April 11 news, merchandise continued to decline trend, commodity index approaching the former low near. Variety turns down, today’s asphalt, bifoc then led. Colored continue to fall, Shanghai zinc fell, black Department of the differentiation, coal futures fell, iron ore oversold bounce. In the agricultural sector, corn (1633, -40.00, -2.39%), starch weakened, palm oil hit a new low during the year, cotton (15635, 75.00, 0.48%), soybeans, sugar (6704, 22.00, 0.33%) began to rebound The PVC (5970, -25.00, -0.42%) led the rise.

(1736, -87.00, -4.77%) fell 4.17%, coking coal fell 3.51%, Shanghai zinc, palm oil (5234, -104.00, -), the price of cement was 4.96%, the asphalt fell 4.25% (1160%), glass (1232, -44.00, -3.45%) fell more than 2%, thermal coal, manganese silicon, Shanghai tin, starch, corn, eggs, plastic (9160, -135.00, -1.45%), Fell more than 1%. PVC rose 2.16%, Zheng rose 1.39%, iron ore rose 1.15%.

Asphalt will open the callback trend

This year the market atmosphere is different from last year, as the price of asphalt has been at a high level, prices continue to rise doubt, downstream stocking enthusiasm is far lower than last year; secondly, the enterprise profits are relatively lucrative, which may stimulate the resumption of business enthusiasm; , Import price deviation, import profits will further reduce the domestic market price. I believe that the current price of asphalt at a high level, consumption is also in the off-season, late orders difficult to continue to follow up, the persistence of asphalt rising doubt.

Overall, asphalt prices are mainly affected by the rebound in oil prices, but under the influence of high inventory is difficult to continue to rise in oil prices. In contrast, although the recent performance of asphalt orders better, but there is suspicion of overdraft demand, coupled with higher corporate profits, post-supply will increase, asphalt will open the price callback trend.

Spot prices continue to fall in stock prices endless ups and downs

In the short term, egg futures are expected to continue the decline pattern, but the space may not be large. In accordance with the current situation of egg supply and demand, combined with the history of egg ups and downs of experience, is expected in September the main producing areas of egg spot price high of 3.5-3.7 yuan / kg, corresponding to the futures disk in the 3700-3900 yuan / 500 kg; May main producing areas of the spot price of eggs in the high point of 2.6-2.8 yuan / kg or so, the corresponding futures disk in 2800-3000 yuan / 500 kg or so. From this point of view, it is expected that late egg futures fell little room.

High ore down pressure to increase

Foreign iron ore supply will be about 65 million tons, and the increase mainly from Brazil and Australia, high-grade ore incremental close to 50 million tons. At the same time, domestic mining production is also accelerating this year, China’s mountain production will increase in 10 million -15 million tons.

Qiu Yuecheng that the iron ore market oversupply pattern will be in the next period of time long-term existence. “In the case of finished products, especially in the case of sluggish performance of the plate, the recent sharp decline in the profits of steel mills, steel mills are more popular in the procurement of relatively high cost of low-grade ore, high-grade ore has become a slow-moving varieties, .”He said.