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    Home > Chemicals Industry > New Chemical Materials > February 26 Shanghai rubber morning review

    February 26 Shanghai rubber morning review

    • Last Update: 2022-11-29
    • Source: Internet
    • Author: User
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    Due to the sharp pullback of the domestic stock index, on Thursday, the original trend of Shanghai rubber futures rally was hit, Shanghai rubber main 1605 contract performance in the morning strong, futures price steadily rose to 10800 yuan / ton double bottom neckline nearby, but the afternoon trend reversed, futures price shock fell back and turned green, the market bearish strength led to a slight decline of -0.
    66% or -70 yuan / ton at the close, the trading volume reached 717396 lots, a slight increase from yesterday; The open position increased sharply by 5142 lots to 273616 lots
    .

    Shanghai rubber

    From a technical point of view, the domestic Shanghai rubber 1605 contract showed a trend of rushing back down, the mid-session price test neckline failed to effectively break through, the market bears sold pressure is more obvious, the long and short divergence has also increased, and the short-term has fallen 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 increased more strongly than the short, and the net short position increased slightly to 22383 from
    22252 yesterday.

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