Shanghai rubber trend differentiation near and far monthly price difference widened

The opening price of the Nippon 1611 contract is 153.
7 yen/kg, the highest price is 154.
5 yen/kg, the lowest price is 151.
8 yen/kg, and the closing price is 152 yen/kg; The trading volume was 2959 lots, and the position volume was 15202 lots
.

Domestic sales area market
.
14-year state-owned full latex 10800 (+50) in Shanghai; 14 years of Yunnan state-owned whole milk in Shandong 10850 (+100); The 14-year state-owned whole milk tax-free price in Hengshui area is 10,300 (+100) yuan/ton, and the 15-year private whole milk tax-free price is 10,500 yuan/ton (+50) yuan/ton; Yunnan's 16-year private full latex quotation is 10700 (+100) yuan / ton
.

The warehouse receipts of natural rubber futures in the previous period decreased by 220 tons
compared with yesterday.
The warehouse receipt of natural rubber futures in the previous period was reported at 300,620 tons
.
Among them, Shanghai decreased by 20 tons, Yunnan decreased by 180 tons, Shandong decreased by 20 tons, Tianjin Ping, Hainan Ping
.

Positions of the main contract of Shanghai rubber (1609): the top 20 members have long positions of 84366 (-841), short positions 107954 (+2385), and net short positions of 23588
.

The main contract of Shanghai rubber 1609 was weak and volatile
on Wednesday.
From the 60-minute candlestick chart, the K-line fell back above the 20 moving average, and the technical indicator MACD weakened; On the daily chart, the K line closed above the 40-day moving average, and the MACD red bar continued, which is still technically strong
.
The trading volume and position volume decreased
slightly.

Comprehensive analysis, the trend between Shanghai rubber contracts diverged, and the near and far monthly price difference widened to around
1750.
Spot prices rose slightly, warehouse receipt pressure and social explicit inventory remained at historical highs
.
As the premium of the plate increases, so does the accumulation of risks
.
The divergence between the near and far months has widened, largely due to the realistic pressure
of warehouse receipts.
It is recommended that investors choose a good entry point, the current position in the near month is not suitable for long, and the far month 1701, 05 can be long
on the low.
According to Thailand on June 28, due to the difficulty of maintaining the warehouse management expenditure of 23 million baht of rubber stocks per month, the Ministry of Agriculture and Cooperation of Thailand will submit a solution of 310,000 tons of rubber stocks to the cabinet for consideration
in the near future.
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