In the market, there is a certain correlation between the various varieties, and they affect each other in general, which is to say that this kind of variety belongs to an industrial chain or is derived from a common variety of varieties, and has convergence in production and consumption. The correlation between the first varieties of the same series is still relatively strong.
1. Black industry chain: rebar, hot coil, wire rod, coking coal, coke, thermal coal, iron ore.
These varieties are very related, and they have a general name, that is, black, which belongs to the complete upstream and downstream industry chain.
For example, rebar, hot-rolled coil, and wire rod are all steel products of the Shanghai ** Exchange, the coking coal of the Dalian Commodity Exchange is used to make coke, and the coke is used to make steel, iron ore is the raw material for steelmaking, and the thermal coal of the Zhengzhou Commodity Exchange is used for power generation, locomotive propulsion, and boiler combustion.
In doing so, it is important to understand what they are used for, and how national policies will affect them.
b) Beans icon**: Beans.
1. Beans. 2. Soybean oil, beans, soybean meal, rapeseed meal.
These bean varieties are closely related to each other. U.S. beans are a Chicago iconcbot variety, which holds the pricing power in the global soybean **, the United States icon is also the world's largest producer, and China is a large importer, of which about 85% of soybeans rely on imports. Many people like to refer to U.S. soybean meal when making soybean meal, but in fact, the two have little to do with each other, and China's main import is U.S. beans. Therefore, in the reference, you can neither look at bean two, nor can you look at the meal, but the bean.
Soybean meal imports mainly come from Argentina, and during the growing season, Chinese soybeans mainly come from Brazil.
In general trading, we often talk about double meal, thinking that their fluctuations have a similar consistency. Soybean meal is mainly used for breeding pigs, cattle, chickens, etc., and rapeseed meal is mainly used for fish farming. There is an essential difference between the two, so don't be surprised to see them sometimes moving in the same direction.
3) Department of Energy and Chemical Engineering: plastics, PVCICON, polypropylene icon, PTA, asphalt icon, **
These ** all belong to the chemical stage varieties, and in simple terms, they are all derivatives of **. In these, the correlation degree of asphalt is high, and the correlation degree of plastic is less than 10%, according to the operation of the United States, it will only affect the opening of plastics, and the temporary impact will not change the trend of plastics.
Although PVC is related to **, plastics, etc., its role is mostly building materials, and the plate is relatively small, which is easy to be controlled by the main force, even if it bottoms out, it may be killed again. PTA and polypropylene have little correlation with **, and they interact with other chemicals, but the strength is not too large.
Finally, not all domestic varieties are related to the outer disk, even if they are the same ** varieties, but the logical relationship behind them is not the same, so they cannot be used. In particular, the use and quality of these varieties, whether China is importing, how much to import, and whose pricing power is in whose hands are the key.