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Following a sharp rebound last Thursday, Shanghai rubber continued the previous session's rally on Friday, maintaining high volatility, and fell back near the close in the afternoon, and finally closed slightly higher
.
Among them, the main contract RU1709 had a low price of 14660 yuan / ton, the highest price was 14990 yuan / ton, and closed up 365 yuan / ton to close at 14805 yuan / ton (+2.
53%); The 1705 and 1801 contracts closed at 14280 yuan/ton (+2.
48%) and 16555 yuan/ton (+2.
44%)
respectively.
Tokyo Rubber Day closed sharply higher, with 1704 closing at 255.
0 yen / kg, up 15.
4 yen / kg; 1708 closed at 218.
4 yen/kg, up 12.
7 yen/kg; The benchmark 1709 closed at 216.
0 yen/kg, up 12.
9 yen/kg
.
Data show that the top 20 members of the main rubber contract RU1709 traded a total of 482160 lots last Friday, a decrease of 55084 lots (-11.
7%) from the previous trading day; The top 20 members holding buy orders in this contract held a total of 69,606 buy orders, a decrease of 2,022 lots (-2.
82%) from the previous trading day; The top 20 members holding sell orders in this contract held a total of 95,551 sell orders, a decrease of 2,181 lots (-2.
23%) from the previous trading day; The number of warehouse receipts in the previous period was 294,930 tons, down 170 tons
from the previous trading day.
In terms of the market, Shanghai rubber rose, Qingdao free trade zone dollar rubber market quotation rose, market inquiry heated up, offer enthusiasm is general, real order specific negotiation, free trade zone dollar rubber market quotation overall increased by 40-70 US dollars / ton: Thailand RSS3 no quotation, Malaysia SMR20# quotation 1640 US dollars / ton, Indonesia SIR20# quotation 1620 US dollars / ton, Vietnam SVR3L no quotation, Thailand STR20# quotation 1645 US dollars / ton
。 Shanghai rubber continued yesterday's upward momentum, thus cooling the bearish atmosphere in the market, Shanghai market spot traders followed the plate to raise the spot quotation of 400-500 yuan / ton: Thailand RSS3 quotation 14800 yuan / ton, Hainan full latex quotation 13800 yuan / ton, Vietnam SVR3L quotation 14300 yuan / ton
.
The purchase price of raw materials in Thailand rose, raw film 68.
62, up 1.
50; smoke film 72.
22, up 1.
73; glue 59.
00, flat; cup glue 47.
00, up 1.
00 (baht/kg).
In view of the huge inventory pressure in the current spot market, downstream demand has not been effectively improved, and the fundamentals remain weak, capital expectations will not be much
stronger.
The short-term rise of Shanghai rubber cannot be called a rebound, but a technical repair, and it remains to be seen
whether it can really stop the decline and rebound.
In the context of the current industrial destocking, it is likely to form a range shock sorting, up and down in the 14000-15500 range of uncertain pattern, it is recommended to trade in the 14000-15500 range, maintain the strategy of short testing at the rebound, avoid blindly chasing higher, cautious investors temporarily light positions and wait and see
.
