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    Home > Chemicals Industry > New Chemical Materials > March 21 Shanghai rubber morning review

    March 21 Shanghai rubber morning review

    • Last Update: 2022-11-30
    • Source: Internet
    • Author: User
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    Following yesterday's rebound momentum, last Friday, domestic Shanghai rubber futures continued to maintain a strong posture, but in the afternoon rubber prices showed a trend of shock and decline, due to the transfer of positions for months, the main 1605 contract of Shanghai rubber shifted
    to the 1609 contract.
    The futures price of the new main contract rose as high as 12,110 yuan / ton at the first line, and it once dipped into the green at the end of the
    day.
    As of the close, the Shanghai rubber 1609 contract closed slightly lower by -0.
    21% or -25 yuan / ton, with a volume of 674960 lots, a significant increase from yesterday; The position volume increased significantly by 14310 lots to 221796 lots
    .

    Shanghai rubber

    From a technical point of view, the domestic Shanghai rubber 1609 contract continued to strengthen, but it fell back in the afternoon due to short selling pressure, suggesting that the futures price was heavier above the first line of wan Er, and it was difficult to break through the box range
    in the short term.
    The results of the Fed interest rate meeting are dovish, easing the downward pressure on commodities and boosting market confidence in longing, and short-term rubber prices are expected to maintain a strong posture
    .
    From the perspective of positions, the increase in the main funds of the 1609 contract is significantly stronger than the short increase, and the net short position is slightly reduced to 13136 from yesterday's 14904 lots
    .

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