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    Home > Chemicals Industry > New Chemical Materials > Shanghai rubber is weak and oscillating, selling short at a high price

    Shanghai rubber is weak and oscillating, selling short at a high price

    • Last Update: 2022-12-02
    • Source: Internet
    • Author: User
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    The opening price of Shanghai rubber RU1609 contract is 11120 yuan / ton, the highest price is 11185 yuan / ton, the lowest price is 10955 yuan / ton, and the closing price is 11145 yuan / ton; The trading volume was 590852 lots, and the position volume was 255776 lots, a decrease of 7638 lots
    from the previous trading day.

    Shanghai rubber

    The opening price of the Nippon 1612 contract is 157.
    2 yen/kg, the highest price is 158.
    3 yen/kg, the lowest price is 152.
    1 yen/kg, and the closing price is 152.
    9 yen/kg; The trading volume was 6613 lots, and the position volume was 14844 lots
    .

    Domestic sales area market
    .
    14-year state-owned full latex 10700 (-150) in Shanghai; 14 years of Yunnan state-owned whole milk in Shandong 10700 (-100); The 14-year state-owned whole milk tax-free price in Hengshui area is 10,300 (-200) yuan/ton, and the 15-year private whole milk tax-free quotation is 10,500 yuan/ton (-200) yuan/ton; Yunnan's 16-year private full latex quotation was 10800 (-200) yuan / ton
    .

    The last natural rubber futures warehouse receipt decreased by 370 tons
    compared with yesterday.
    The warehouse receipt of natural rubber futures in the previous period was reported at 309760 tons
    .
    Among them, Shanghai decreased by 250 tons, Yunnan decreased by 80 tons, Shandong decreased by 40 tons, Tianjin Ping, Hainan Ping
    .

    Positions of the main contract of Shanghai rubber (1609): the top 20 members have long positions of 60962 (-2247), short positions of 73486 (-3775), and net short positions of 12524
    .

    The main contract of Shanghai rubber 1609 was weak and volatile
    on Tuesday.
    From the 60-minute candlestick chart, the K-line fell back below the moving average system, the technical indicator MACD weakened, and the green bar narrowed; On the daily chart, the K line is still above the 40-day moving average, the MACD red column turns green, and the 11000 below has strong support
    .
    The support level is 11000, the resistance level is around 11500, and the trading volume and position volume are reduced
    .

    Comprehensive analysis, yesterday's Shanghai rubber was weak and volatile, we believe that the biggest contradiction of Shanghai rubber is still the warehouse receipt
    in the previous period.
    Next month is a month before delivery, the exchange will implement position limit protection, long and short have the need to close positions, in comparison, the pressure of long to reduce holdings is greater, we recommend investors today can consider above 11300, the main contract 1609 on the high short sell, 11550 stop loss
    .

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