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    Home > Chemicals Industry > New Chemical Materials > February 25 Shanghai rubber morning review

    February 25 Shanghai rubber morning review

    • Last Update: 2022-11-28
    • Source: Internet
    • Author: User
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    Undertaking yesterday's adjustment momentum, on Wednesday, domestic Shanghai rubber futures continued to fluctuate lower, Shanghai rubber main 1605 contract rebound space is relatively limited, mid-session prices downward seeking support at the 10-day moving average, the lowest fell to 10520 yuan / ton, market bears dominate
    .
    As of the close, the Shanghai rubber 1605 contract closed slightly lower by -0.
    80% or -85 yuan / ton, and the trading volume reached 532834 lots, a slight increase from yesterday; The position volume decreased significantly by 6974 lots to 268474 lots
    .

    Shanghai rubber

    From a technical point of view, the short-term rise of the domestic Shanghai rubber 1605 contract induced the emergence of long profit orders, the futures price was adjusted, the short force temporarily dominated, the long and short divergence also increased, and the short-term fell into an adjustment pattern
    .
    Due to the continuous release of support policies of rubber-producing countries, coupled with the suspension of production in production areas and the transfer of rubber-producing countries to the shutdown period, the decline in market supply pressure has alleviated the weak pattern of Shanghai rubber, and the center of gravity of rubber prices has upward moving force
    .
    From the perspective of positions, the main funds of the 1605 contract took the operation of reducing more and increasing shorts, and the net short position increased significantly from 20549 lots yesterday to 22252 lots
    .

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