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    Home > Chemicals Industry > New Chemical Materials > Shanghai rubber is weak and volatile, remain cautiously optimistic

    Shanghai rubber is weak and volatile, remain cautiously optimistic

    • Last Update: 2022-12-01
    • Source: Internet
    • Author: User
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    On Thursday, the Shanghai rubber RU1609 contract opened at 13,000 yuan / ton, the highest price was 13,030 yuan / ton, the lowest price was 12,585 yuan / ton, and the closing price was 12,710 yuan / ton; The trading volume was 896656 lots, and the position volume was 275158 lots, a decrease of 13356 lots
    from the previous trading day.

    Shanghai rubber

    Domestic sales area market
    .
    14-year state-owned full latex 12100 (-300) in Shanghai; 14 years Yunnan state-owned whole milk 12150 (-300) in Shandong; The 14-year state-owned whole milk tax-free price in Hengshui was 11800 (-200) yuan / ton, and the 15-year private whole latex price in Yunnan was 12100 (-200) yuan / ton
    .

    The last natural rubber futures warehouse receipt increased by 990 tons
    compared with yesterday.
    The warehouse receipt of natural rubber futures in the previous period was reported at 264680 tons
    .
    Among them, Shanghai increased by 1010 tons, Shandong Ping, Yunnan decreased by 20 tons, Hainan Ping, Tianjin Ping
    .

    Holdings of the main contract of Shanghai rubber (1609): the top 20 members have long positions 71832 (-971), short positions 84650 (-2969), and net positions 12818; The average price of our long position is 11983, and the average price of short position is 11837
    .

    The main contract of Shanghai rubber 1609 was weak and volatile
    on Thursday.
    From the 60-minute candlestick chart, the K-line fell back below the moving average system, the technical indicator MACD green column continued, and KDJ showed signs of improvement; On the daily chart, the K line crosses the 10-day moving average below, the support below is strong, the MACD red column is shortened, KDJ shows signs of overbought falling, and the trading volume and position volume have decreased
    significantly.

    Comprehensive analysis, the market long sentiment has weakened
    .
    Future rains are rumored in Southeast Asia, potentially easing the current drought conditions
    .
    From the perspective of technical analysis, Shanghai Rubber estimates that the probability of range oscillation is relatively large
    on Friday.
    The holiday is approaching, long and short have the need to reduce holdings, we still remain cautiously optimistic about Shanghai rubber, it is recommended that bulls reduce their holdings at the high, go long at the pullback, should not chase higher, pay attention to the rhythm
    .
    The short-term may be dominated by shock trends
    .

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