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    Home > Chemicals Industry > New Chemical Materials > Long positions increased to push Shanghai rubber to maintain range volatility

    Long positions increased to push Shanghai rubber to maintain range volatility

    • Last Update: 2022-12-03
    • Source: Internet
    • Author: User
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    On September 26, after the main 1701 contract of Shanghai rubber opened high, driven by the increase of long positions, the futures price once rose rapidly to 13,600 yuan / ton, but under the pressure of some long profits leaving the market and short taking the opportunity to increase positions, the futures price fell
    sharply.
    After that, under the long and short competition, the futures price maintained small range fluctuations
    .
    By midday, affected by the reduction of some short positions, the futures price retraced
    slightly.

    Shanghai rubber

    Spot market: The quotation of spot US dollar rubber in Thailand in the bonded zone continued to rise slightly, and the domestic spot price was basically stable
    .
    Domestic main sales area market, Shanghai 14 years full latex 11300 yuan / ton; The 14-year state-owned whole milk tax-free price in Hengshui is 10,900 yuan / ton; The 16-year full latex quotation in Yunnan was 11200 yuan / ton, and the SCR5 report was 10700 yuan / ton; Guangdong Vietnam 3L reported 11900 yuan / ton
    .
    In terms of US dollar rubber, Qingdao Free Trade Zone Tai San reported 1715 US dollars / ton, and Thai standard spot reported 1665 US dollars / ton
    .

    The warehouse receipt of natural rubber futures in the previous period was reported at 284,850 tons, down 1,220 tons
    from the previous trading day.

    After a sharp rise last week, Shanghai rubber is the biggest weekly gain since July
    .
    After today's opening, it fell slightly after being unable to step on the 13600 line, forming a high-level volatile trend
    .
    Tokyo Futures Rubber broke through the 170 mark last week, and some investors took profits, and the market fell
    slightly.
    Shanghai rubber may continue to maintain high volatility to try to continue to hit the 14000 line, but if Shanghai rubber cannot stabilize the 13700 line, there is a risk
    of pullback.
    Recently, due to heavy rainfall in major producing areas such as Thailand, new rubber cutting has been affected to a certain extent
    .
    Recent domestic restrictions on the tonnage of vehicle loading have led to an increase
    in freight costs.
    The bankruptcy of Hanjin Shipping also led to higher freight rates and some transportation disruptions
    .

    The top 20 members of the main contract of Shanghai rubber 1701 have a dominant net short position, and the long and short positions are mainly reduced, and the short position reduction is relatively large
    .
    Shanghai rubber market or high volatility mainly, it is not recommended that investors chase long, step on the rhythm, if can not continue to break through the 13600 line, or there is a risk of pullback, if the downward break of the 13300 line, bulls pay attention to exit
    .
    In the near future, it may be volatile, and investors are advised to see more and move less
    .

     

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