Newsletter summary

The domestic futures market closed mixed at midday.PasswordamericangameshowThe container transportation index rose by more than 7%, soda ash prices rose by more than 5% supported by the spot market, and palm oil fell by more than 2%. Shipping company space is tight, pay attention to the change of transport capacity and maintenance plan in late May.

Text of news flash

[midday stock market: the domestic futures market shows a pattern of mixed ups and downs] at the close of midday today, the main domestic futures contracts were mixed. The container transport index led a rise of more than 7 per cent, followed by alumina and soda ash, both up more than 5 per cent. In addition, the prices of manganese silicon, Shanghai tin, coking coal, international copper and other commodities also recorded more than 2%.PasswordamericangameshowWhile palm oil, peanuts, apples, pigs, dates and caustic soda fell by more than 1%. [tight shipping market: strong support under the Container Index (European Line)] Analysis of China Investment Anxin Futures pointed out that the current shipping company space supply is tight, the container volume problem is widespread. The supply of 40-foot containers in the two major ports of Shanghai and Ningbo is tight. The recent upward trend in freight rates has been effectively supported, and strong support is expected under the main contracts. With some shipping capacity still uncertain in late May, potential route delays or empty shifts could be a new driver of price increases. The EC2404 contract will be delivered next Monday, and the margin ratio for EC2404 contracts will be raised to 30 per cent from the 25th. [soda spot prices are strong and the market is expected to run strongly before the holiday] Everbright Futures Review pointed out that the main soda contract 2409 showed a low opening and a high trend, with an intraday increase of more than 5 per cent. Spot prices in the market are strong, and traders are actively shipping goods. Equipment failures and summer overhauls are expected to lead to a reduction in supply and intensification of the game between spot prices and funds, which is expected to push the disk to continue to run at a high level. However, the demand-side transactions are mainly small orders, and downstream enterprises have a strong wait-and-see mood, so we need to guard against the impact of changes in capital sentiment on the market.