Shanghai rubber oscillation is strong, it is recommended to wait and see

Night trading: Shanghai rubber RU1705 contract opening price 17820 yuan / ton, the highest price 17910 yuan / ton, the lowest price 17730 yuan / ton, the closing price 17835 yuan / ton; Up 15 yuan / ton, up 0.
08%.

Domestic sales area market: Shanghai market, Yunnan 15-year full latex quotation 16200 (-250) yuan / ton; Shandong market, Yunnan 15-year full latex quotation 16300 (-150) yuan / ton; Hengshui market, 15-year Yunxiang whole milk quotation 15600 yuan / ton (-400) yuan / ton, Yunnan market, 16 years private full latex offer 16800 (0) yuan / ton
.

The warehouse receipts of natural rubber futures in the previous period increased by 2160 tons
compared with yesterday.
The warehouse receipt of natural rubber futures in the previous period was reported at 281940 tons
.
Among them, Shanghai increased by 260 tons, Yunnan Ping, Shandong increased by 1900 tons, Tianjin Ping, Hainan Ping
.

The main contract of Shanghai rubber 1705 fluctuated strongly on Thursday, and the night session continued
.
From the 60-minute K-line chart, the K-line rose above the short-term moving average, and the technical indicator MACD red bar continued; On the daily chart, the K-line returns above the 5-day moving average, and the MACD green bar narrows
.
The volume is amplified and the position volume is reduced
.
Overall, the short-term technical picture is strong
.

Comprehensive analysis, Thursday's Shanghai rubber shock is strong, and the night session continues
.
From the perspective of futures reflecting expectations, the rise in rubber in the early stage has fully realized the positive, market sentiment has changed, we expect 22,000 points may be the high point of the year, and the medium and long-term bearish thinking remains unchanged
.

According to the latest ANRPC report, in the first two months of this year, the production of tianjiao fell 2.
2% year-on-year to 1.
714 million tons
.
This was mainly due
to flooding in southern Thailand that lasted until mid-January and the early leaf loss of gum trees.
In addition to Thailand, which decreased by 14% year-on-year, Indonesia, Vietnam, Malaysia and India increased by 4.
4%, 7.
9%, 7.
7% and 30.
3% respectively.
And China has also increased
.

Data show that from January to February, the consumption of tianjiao increased by 3.
3% year-on-year, exports increased by 3% year-on-year, and imports increased by 6.
5%
year-on-year.

The report predicts that in the first five months, the production of tianjiao increased by 1.
9% year-on-year, and the annual output increased by 4.
2%.

In addition, in the first five months, the consumption of tianjiao increased by 0.
7% year-on-year, and the annual consumption increased by 1.
8%; In the first five months, the export of Tianjiao fell by 1.
2% year-on-year, and the annual export increased by 2.
4%; In the first five months, Tianjiao imports increased by 1.
9% year-on-year, and the annual import volume fell by 3.
4%.

From a comprehensive analysis, ANRPC believes that the production of tianjiao will increase this year, but the consumption growth rate is low, resulting in a decline
in the import of tianjiao in major countries.
It is expected that the Shanghai rubber shock will be strong during the day, and it is recommended that investors should wait and see
.