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    Home > Chemicals Industry > New Chemical Materials > Shanghai rubber increased positions and fell It is expected that the price will be volatile at the bottom

    Shanghai rubber increased positions and fell It is expected that the price will be volatile at the bottom

    • Last Update: 2022-12-02
    • Source: Internet
    • Author: User
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    Shanghai rubber increased its position again and fell, US dollar spot trading session quotations fell: domestic spot price 1220-1230 (-30), domestic cargo price 1230-1240 (-20), US dollar cigarette chip spot price 1460-1480 (-10), US dollar cigarette tablet cargo price 1520-1550 (-30), Singapore cargo price 1280-1310 (-30), Thailand factory cargo price 1310-1330 (-20), RMB mixed rubber price 9700-9800 (-100).

    Shanghai rubber

    Domestic spot market prices fell
    slightly.
    Port dollar rubber prices also fell slightly; Concerns about the impact of the drought eased due to increased rain, and prices rose last week due to delays in rubber tapping by rubber farmers due to more rain, but raw material prices fell again on Monday and continued to fall
    slightly yesterday.
    With the arrival of the rubber tapping season, abundant supply will continue to put pressure on raw material prices
    .

    From the perspective of the top 20 main positions, yesterday's main net short increased, as far as the recent positions are concerned, last week's net short exit is more obvious, but yesterday's net short signs of re-increasing, and the main net short is still dominant
    .

    News: The World Bank kept its growth forecast for China unchanged at 6.
    7% and called a sharp slowdown in China a low-probability event
    .
    At the recent U.
    S.
    -China Strategic and Economic Dialogue, the two sides reached a series of agreements that China will provide 250 billion yuan of RQFII quota to the United States and prepare to set up a renminbi clearing bank in the United States, but the two sides still disagree
    on the issue of overcapacity.
    China's foreign exchange reserves fell by $28 billion in May from a month-on-month to $3.
    19 trillion, the lowest
    since the end of 2011, data showed.
    The Statistics Bureau will release last month's trade and economic data
    from today.
    May trade data will be released today, and the market expects exports to accelerate their decline
    .

    On the whole, the fundamentals of Tianjiao are in line with the seasonal law of previous years, and it is expected that the price will fluctuate at the bottom, and short-term trading will be the mainstay
    .

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