At the close of noon, the main domestic futures contracts rose and fell. Coking coal rose by more than 3%, Shanghai silver, iron ore, rebar, coke, rubber, No. 20 rubber (NR), ferrosilicon, container shipping index (European line), and pulp rose by more than 2%. In terms of decline, manganese and silicon fell more than 1%, and industrial silicon fell nearly 1%.

Some steel mills have a downward trend, and it is expected that the coke market may stabilize and weaken in the near future.

As of the close of May 15, the mainstream transaction price of quasi-primary coke in the Shandong market was 2090 yuan/ton, which was unchanged from the same period last week. The coke supply and demand pattern is gradually balanced. The price of coke raw material and coking coal is stable. The profits of coke companies are fair, shipments are smooth, inventory is running low, the intention to start is good, the load is stable and increasing, and supply expectations are increasing. Downstream steel mills have started blast furnaces at an overall high level, demand has continued to rise, coke inventories have increased steadily and slightly. On-demand procurement has been maintained, and demand has gradually stabilized. The gathering of traders in the port is flat, and port inventories are gradually stabilizing. On the whole, steel and coke have returned to the game situation, terminal demand has fallen short of expectations, and some steel mills have a downward trend. It is expected that the market may operate steadily and weaken in the near future. (Zhuochuang Information)

Institutional perspective: Precious metals strategy recommends focusing on dips

According to Minmetals Futures analysis, released last nightcoinmasterfreeUS inflation data was slightly lower than expected, but retail sales data showed a very significant weakening. Precious metal prices have increased significantly. U.S. overall CPI rose 3.3 percent year-on-year in Aprilcoinmasterfree.4%, 3.4% of the pre-compliance period, which is lower than the previous value of 3.5%. Based on U.S. high-frequency consumption data and job market data, it is certain that a substantial interest rate cut will be entered this year. We expect that the subsequent rise in precious metals prices will be after the release of significantly weaker U.S. labor market data. Currently, the price of gold and silver is at a relatively high level, and the return of the price of gold and silver will be in the form of a surge in silver. The precious metals strategy recommends that we mainly go long on dips. The reference operating range of Shanghai gold main company is 554-588 yuan/gram, and the reference operating range of Shanghai bank main company is 7,284 - 7,790 yuan/kg.