echemi logo
Product
  • Product
  • Supplier
  • Inquiry
    Home > Chemicals Industry > New Chemical Materials > Shanghai rubber shock repair downstream procurement returns to rationality

    Shanghai rubber shock repair downstream procurement returns to rationality

    • Last Update: 2022-12-02
    • Source: Internet
    • Author: User
    Search more information of high quality chemicals, good prices and reliable suppliers, visit www.echemi.com

    The opening price of Shanghai rubber RU1609 contract is 11750 yuan / ton, the highest price is 11960 yuan / ton, the lowest price is 11665 yuan / ton, and the closing price is 11895 yuan / ton; The trading volume was 801594 lots, and the position volume was 284028 lots, a decrease of 15228 lots
    from the previous trading day.

    Shanghai rubber

    Spot market: 14-year state-owned full latex 11250 (0) in Shanghai; 14 years Yunnan state-owned whole milk in Shandong 11300 (0); The tax-free price of state-owned whole milk in Hengshui area for 14 years is 11,000 (0) yuan / ton, and the price of 15-year private whole milk tax-free is 11,100 yuan / ton (0) yuan / ton; Yunnan's 15-year private full latex quotation is 11900 (-100) yuan / ton
    .

    The warehouse receipts of natural rubber futures in the previous period decreased by 270 tons
    compared with yesterday.
    The warehouse receipt of natural rubber futures in the previous period was reported at 277270 tons
    .
    Among them, Shanghai decreased by 10 tons, Shandong Ping, Yunnan decreased by 260 tons, Hainan Ping, Tianjin Ping
    .

    Holdings of the main contract (1609) of Shanghai rubber: the top 20 members have long positions of 73082 (-1952), short positions of 86995 (-6453), and net positions of 13913
    .

    The main contract of Shanghai rubber 1609 was range-bound yesterday
    .
    From the 60-minute candlestick chart, the candlestick fell back below the moving average system, and the technical indicator MACD green column turned red; On the daily chart, the K line was supported by the 60-day moving average to close the sun, the MACD green column continued, KDJ showed signs of stabilization and upward, and the trading volume and position declined
    .

    Comprehensive analysis, spot market quotations stopped falling flat
    .
    From the perspective of technical analysis, Shanghai rubber is expected to continue the market of shock repair today
    .
    The replenishment market has come to an end, and the downstream raw material procurement has returned to rationality; The May contract is facing delivery, which suppresses the market, and after a sharp decline, the market has short-term repair needs, it is recommended that investors focus on wait-and-see, if the rush of 12,000 points is unsuccessful, it may be lower
    in the future.

    This article is an English version of an article which is originally in the Chinese language on echemi.com and is provided for information purposes only. This website makes no representation or warranty of any kind, either expressed or implied, as to the accuracy, completeness ownership or reliability of the article or any translations thereof. If you have any concerns or complaints relating to the article, please send an email, providing a detailed description of the concern or complaint, to service@echemi.com. A staff member will contact you within 5 working days. Once verified, infringing content will be removed immediately.

    Contact Us

    The source of this page with content of products and services is from Internet, which doesn't represent ECHEMI's opinion. If you have any queries, please write to service@echemi.com. It will be replied within 5 days.

    Moreover, if you find any instances of plagiarism from the page, please send email to service@echemi.com with relevant evidence.