What does the spot price of rebar mean when it is converted into the disc price 10

The disk price refers to the ** that meets the delivery warehouse receipt, that is, the spot price + transportation + warehousing + labor and miscellaneous expenses, etc. That is to say, the thread spot ** 3840 yuan ton, converted into a delivery of the disk price to add transportation + warehousing + labor miscellaneous expenses, etc., it will be 3959, generally said basis is actually **** and the comparison of the disk price.

The problem is more complicated. The simple understanding is: the folding surface is a standard and a reference, and the state of the goods in reality is very uncertain, so it needs to be converted into a standard as a production test.

The folding surface is a standard and a reference, and the state in the actual goods is unstable, so it needs to be converted into a standard as a reference.

The spot discount is the spot ** converted into the exchange spot warehouse receipt**. Spot Warehouse Receipt** = Spot Warehouse Receipt** + Fees Related to Registered Warehouse Receipt. Then use the spot warehouse receipt and the disk to compare the basis.

Rebar 1805**** is 3860, spot ** is 4206 current difference of 636 yuan ton Attention**, pay attention to the web link of the cattle money network The information about the black system is in the black channel.

Commodity futures and spot ** will not diverge forever. Similarly, with the advent of the delivery month, the rebar period and spot ** will also tend to be consistent, and the gradual return of the two types of ** will be realized, unless there is a serious ** market vicious forced position.

Generally speaking, the return of the two types of rebar in the future can be achieved in two ways, which also determines the future rebar period and spot two trends.

One is that the results of steel production capacity and banning "strip steel" have been consolidated, and the current spot market tends to be stable, and the spot market has returned. Now the competent authorities have stated that they will continue to remove excess steel capacity and take a variety of measures to prevent the resurgence of "strip steel". If the above measures can achieve great results, the growth rate of China's crude steel and steel production will be "halved" in 2018, or even less than 3%, and the actual growth rate of rebar production will be even lower.

Affected by it, after the spring of 2018, the rebar market is likely to continue to show a tight situation, resulting in its high spot **, forcing the rebar delivery month ** to gradually move closer to the spot**, thereby driving the main contract **** upward.

The other is a sharp increase in the actual volume, which will reduce the spot price of rebar and return to the current main contract. That is to say, because of the huge profits of sales, as well as other factors, at the beginning of the new year, the actual amount of steel in the country, especially rebar, increased rapidly, resulting in a reversal of supply and demand, and a sharp decline in the spot of rebar. In this case, the rebar spot ** will return to the delivery month, and drive the main forward contract** lower.

From the current point of view, in the above two major trends of rebar, the former seems to be more likely.

There is no conversion relationship between the two.

**Units, currency conversion is good.

Short-term exchange-traded** (ETFs), also known as inverse ETFs, generate the opposite of the index. For example, if the index spikes by 25, then an ETF that is the opposite of the Nasdaq 100 will be around 25. is an unfortunate man, so charge him.

Today's spot rebar ** is:

III 12:3800

III 14:3780

III 16:3670

III 18-22: 3600

III 25: 3610

III 28:3630

III 32:3590

III 36-40: 3970

Third set 8-10: 3510

So there is ** or the trading platform publishes **.

**For example, my steel network Lange Steel has a number of columns.

The trading platform is generally the Shanghai ** Exchange Tianjin Bohai Commodity Exchange The model of general delivery is also a range, the thread is HRB400 HRBF400, HRB335 HRBF335, and the hot coil is Q235 SS400

Generally, it is a thread that meets the trading specifications in Shanghai. Shagang ** is also considered.

The spot ** must be subject to the local market**.

However, the national benchmark ** can refer to the rebar ** of Boshang Exchange.

This is still based on the domestic relatively large steel products, and under normal circumstances, these are obtained from large steel mills, but I think it is better to ask specifically.

The best in various places are according to the market situation and steel situation in various places, of course, it is different.

Order quantity. The increase or decrease is long and short.

Open a position. In the transaction details, red is the amount of longs, green is the amount of empty eyes with wild heads, white is the amount of waiting, and pink is.

Change hands. of the amount.

Here, what does the increase and decrease of the old head mean, it is best to analyze this picture.

At present, the main circulation in the spot market is HRB335 rebar, and the spot ** we usually talk about is also the spot ** of HRB335 rebar. The standard product for the delivery of rebar on the Shanghai ** Exchange is HRB400 model, but the HRB335 model is used as a substitute, and the premium between the two is 130 yuan ton. That.

2. The cost of delivery positions. If the rebar is delivered physically, it requires certain costs, including: storage fees, individual payment fees, warehousing fees, capital interest and transfer fees, accumulating nearly 110 yuan tons.

Take October 29 as an example: thread 1001**** is 3835, thread 0911** price is 3608. Thread 1001 is the ** price, and thread 0911 is about to be delivered, so it is not much different from the spot price.

The difference should be 3835-3608=227

The spread between spot and ** is:

Holding fee - ** Inspection, transportation, warehousing, delivery and other expenses required from spot holding to delivery.

Therefore, in general, the far month of the covenant is higher than the near month.

If the difference between the spot and futures price is greater than the holding fee, you can arbitrage risk-free spot and spot - spot, sell, and wait.

Holding fees you can query and calculate the following, I don't know about steel.

There is no standard for this, and it is estimated that no one knows, but you can always judge the reasonableness of the steel in October according to the spot in August?

When the market fluctuates greatly, there will be ** changes in steel every day, and even that will be certain, which is based on the major international trading markets, and ** is constantly changing with the daily steel ****, also.

When the market fluctuates greatly, there will be ** changes in steel every day, and even that will be certain, which is based on the major international trading markets, and ** is constantly changing with the daily steel ****, also.

When the market fluctuates greatly, there will be ** changes in steel every day, and even that will be certain, which is based on the major international trading markets, and ** is constantly changing with the daily steel ****, also.

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Your 4700** is definitely not Shanghai spot** Shanghai spot** Shanghai spot**4280

From a professional point of view, it is indeed a positive basis at the moment, and the difference is already large. Usually, in a positive market, the ** price should be higher than the spot price. The current situation shows that: 1. The market is more pessimistic about the market outlook (under the combined influence of international and domestic economic factors); 2. The market is an emotional market, and it will not follow a certain calculable rational route; 3. The emotional process leads to large fluctuations in the market, either too high or too low, which is the market opportunity, and this opportunity is reserved for those who can rationally analyze and judge accurately; 4. If it falls faster (very likely), the greater the probability of fast **!

Hehe, you will know when you close the position.

In the past, the delivery of ** was based on Shanghai and Jiangsu, because the basic delivery in the past would be in East China, but after the participation of manufacturers in Hebei such as Jingye, many resources were delivered in Tianjin, because the market price of thread in Beijing and Tianjin was directly over the pound, and **a caliber, and the dedicated resources ** were relatively low, starting from mid to late November, in Tianjin with dedicated resources directly to make warehouse receipts to sell and begin to make steady profits, and the peak time will be 100 tons of net profit, At that time, a lot of dedicated resources were delivered. Because the exchange delivery is mandatory, regardless of your warehouse receipt in the first can be delivered, and the buyer can not choose the delivery location, so the delivery resources will naturally become the pricing benchmark, now the main resources are in Tianjin, the benchmark will naturally transfer to the past.