Shanghai rubber shock fell back and the trading volume shrank sharply

The opening price of the Nippon 1701 contract is 153.
1 yen/kg, the highest price is 153.
7 yen/kg, the lowest price is 151.
8 yen/kg, and the closing price is 152.
5 yen/kg; The trading volume was 2904 lots, and the position volume was 12838 lots
.

Domestic sales area market
.
14-year state-owned full latex 10300 (+150) in Shanghai; 14 years Yunnan state-owned whole milk 10300 (+150) in Shandong; The 14-year state-owned whole milk tax-free price in Hengshui area is 10,000 (-200) yuan/ton, and the 15-year private whole milk tax-free quotation is 10,200 yuan/ton (-200) yuan/ton; Yunnan 16 years private full latex quotation 10700 (0) yuan / ton
.

The warehouse receipts of natural rubber futures in the previous period increased by 2580 tons
compared with yesterday.
The warehouse receipt of natural rubber futures in the last period was reported at 312920 tons
.
Among them, Shanghai increased by 1050 tons, Yunnan decreased by 190 tons, Shandong increased by 2140 tons, Tianjin decreased by 420 tons, and Hainan Ping
.

The main contract of Shanghai rubber 1701 fell back yesterday
.
From the 60-minute K-line chart, the K-line returns above the 40-day moving average, the technical indicator MACD green bar narrows, and the moving average system flattens; On the daily chart, the K line closed above the 5-day moving average, closing the small doji, and the MACD green column narrowed
.
Lower support at 12520
.
The volume of trading volume has been greatly reduced, and the position volume has been slightly enlarged
.
Overall, the technical picture is strong and there are signs of
stabilization.

Position of the main contract of Shanghai rubber (1701): the top 20 members have a long position of 57127 (+471), a short position of 77735 (+1902), and a net short of 20608
.

Comprehensive analysis, Shanghai rubber is weak and volatile, and the night market is stable and good
.
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 has brought support to the 01 contract, and the 09-01 spread closed at 2195 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.