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    Home > Chemicals Industry > New Chemical Materials > Shanghai rubber range oscillation, night trading stabilized and strengthened

    Shanghai rubber range oscillation, night trading stabilized and strengthened

    • Last Update: 2022-12-03
    • Source: Internet
    • Author: User
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    The opening price of Shanghai rubber RU1701 contract is 12710 yuan / ton, the highest price is 12780 yuan / ton, the lowest price is 12565 yuan / ton, and the closing price is 12690 yuan / ton; The trading volume was 545318 lots, and the position volume was 248120 lots, an increase of 2610 lots
    from the previous trading day.

    Shanghai rubber

    Night trading: RU1701 contract opened at 12680 yuan / ton, the highest price was 12905 yuan / ton, the lowest price was 12680 yuan / ton, and finally closed at 12855 yuan / ton, up 175 yuan / ton, up 1.
    38%.

    Domestic sales area market
    .
    14-year state-owned full latex 10450 (+150) in Shanghai; 14 years Yunnan state-owned whole milk in Shandong 10450 (+150); The 14-year state-owned whole milk tax-free price in Hengshui is 10,100 (+100) yuan/ton, and the 15-year private whole milk tax-free price is 10,300 yuan/ton (+100) yuan/ton; Yunnan 16 years private full latex quotation of 10550 (-150) yuan / ton
    .

    The main contract of Shanghai rubber 1701 was range-bound yesterday
    .
    From the 60-minute K-line chart, the K-line returns to the top of the moving average system, the technical indicator MACD red bar is enlarged, and the moving average system strengthens; On the daily chart, the K line closed above the 10-day moving average, the center of gravity lifted, and the MACD green column turned red
    .
    Lower support at 12520
    .
    The volume narrowed slightly and the position volume slightly enlarged
    .
    Overall, the technical side is strong
    .

    Holdings of the main contract (1701) of Shanghai rubber: the top 20 members have long positions of 58311 (+1319), short positions of 78350 (+615), and net short 20039
    .

    Comprehensive analysis, Thursday's Shanghai rubber range oscillation, the night session stabilized and strengthened
    .
    For the 09 contract, we still maintain the previous view, please refer to the quotation
    of RMB composite rubber.
    Due to weather and other reasons, the lack of new rubber storage brought support to the 01 contract, and the 09-01 spread closed at 2210 as of the night session, and is expected to fluctuate
    around 2000.
    09 is likely to continue weakening
    in mid-to-late August.
    In the medium and long term, the view
    of weak volatility is maintained.

    It is recommended that investors operate
    between 12500-13000 on the 01 contract.
    Before the delivery of the 09 contract, Shanghai rubber may maintain a contract structure of near and weak and far strong, and a major repair is unlikely
    .

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