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    Home > Chemicals Industry > New Chemical Materials > April 1 Shanghai rubber morning review

    April 1 Shanghai rubber morning review

    • Last Update: 2022-12-01
    • Source: Internet
    • Author: User
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    Affected by the overnight international crude oil fell again, on Thursday, domestic Shanghai rubber futures in the morning trading under pressure downward trend, Shanghai rubber main 1609 contract volatility lower, futures price center of gravity steadily downward, near midday the lowest price fell to 11135 yuan / ton
    .
    In the afternoon, rubber prices were driven by buying and rebounded, and turned red
    in late trading.
    Throughout the day, the Shanghai rubber 1609 contract was slightly higher by 0.
    09% or 10 yuan / ton, and the trading volume reached 788474 lots, a slight increase from yesterday; Interest volume slightly increased by 2620 lots to 305582 lots
    .

    Shanghai rubber

    From a technical point of view, the domestic Shanghai rubber 1609 contract showed a trend of first suppressing and then rising, and the mid-session price once sought down the 40-day moving average support, due to the increased willingness of multi-party resistance, the futures price rose again above the lower band of the box range
    .
    With the Qingming small holiday approaching, the market trading may tend to be cautious, coupled with the domestic rubber production area will usher in the opening after the holiday, the pressure on the supply of new rubber will gradually become prominent, so the future rubber price will face greater pressure
    .
    From the perspective of positions, the main funds of the 1609 contract took the operation of increasing and reducing shorts, and the net short position increased slightly to 18044 from yesterday's 17143 lots
    .

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