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

    March 25th Shanghai rubber morning review

    • Last Update: 2022-12-01
    • Source: Internet
    • Author: User
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    Constrained by potential bearish factors and dragged down by the sharp drop in international oil prices overnight, on Thursday, the domestic Shanghai rubber futures 1609 contract undertook the decline to maintain a weak shock pattern, the mid-session price rebound space is relatively limited, the highest rise to 11660 yuan / ton, as of the close of the Shanghai rubber 1609 contract fell sharply -2.
    17% or 255 yuan / ton, the trading volume reached 791522 lots, a significant increase from yesterday; The open position decreased sharply by 18178 lots to 255304 lots
    .

    Shanghai rubber

    From a technical point of view, the domestic Shanghai rubber 1609 contract shows a weak posture, and the rebound space is relatively limited, obviously under pressure on the 5-day and 10-day moving averages, and the downward test is supported
    at the 20-day moving average below.
    At present, the common factors revolve around the loose monetary environment, but the high inventory and drought factors in the personality factor are still the main factors
    for the bears' suppression.
    It is expected that in the future, Shanghai rubber futures will maintain a narrow range of box range, and the probability of finishing is large
    .
    From the perspective of positions, the main fund of the 1609 contract is slightly stronger than the short, and the net short position has been significantly reduced to 18820 compared with yesterday's 20270 lots
    .

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