echemi logo
Product
  • Product
  • Supplier
  • Inquiry
    Home > Chemicals Industry > New Chemical Materials > Shanghai rubber oscillated and fell, flat overnight

    Shanghai rubber oscillated and fell, flat overnight

    • Last Update: 2022-12-04
    • Source: Internet
    • Author: User
    Search more information of high quality chemicals, good prices and reliable suppliers, visit www.echemi.com

    Daily market: Shanghai rubber RU1705 contract opening price 21480 yuan / ton, the highest price 21780 yuan / ton, the lowest price 20225 yuan / ton, the closing price 20320 yuan / ton; The trading volume was 638776 lots, and the position volume was 282244 lots, a decrease of 11266 lots
    from the previous trading day.

    Shanghai rubber

    Night trading: Shanghai rubber RU1705 contract opening price 20395 yuan / ton, the highest price 20560 yuan / ton, the lowest price 20305 yuan / ton, the latest price 20445 yuan / ton; Up 50 yuan / ton, an increase of 0.
    25%.

    Domestic sales area market: Shanghai market, Yunnan 15-year full latex quotation 19800 (-700) yuan / ton; Shandong market, Yunnan 15-year full latex quotation 19800 (-600) yuan / ton; Hengshui market, 15-year state-owned whole milk tax-free quotation 19800 (0) yuan / ton, Yunnan market, 16 years full latex quotation 20100 (-100) yuan / ton
    .

    The warehouse receipts of natural rubber futures in the previous period decreased by 400 tons
    compared with yesterday.
    The warehouse receipt of natural rubber futures in the previous period was reported at 266,300 tons
    .
    Among them, Shanghai reduced by 400 tons, Yunnan Ping, Shandong Ping, Tianjin Ping, Hainan Ping
    .

    The main contract of Shanghai rubber 1705 fell sharply on Thursday and stabilized overnight
    .
    From the 60-minute K-line chart, the K-line fell back below the moving average system, the moving average system weakened, and the technical indicator MACD green column enlarged; On the daily chart, the K-line broke the 20-day moving average downward, and the MACD red column turned green
    .
    Volume amplified and position volume declined
    .
    Overall, short-term technical aspects are weak
    .

    The top 20 members held positions, long 73247 (-3853), short 93690 (-1819), net 20443
    .


    Comprehensive analysis, Shanghai rubber oscillated on Thursday and fell, flat overnight
    .
    Global fundamentals have improved, and the view
    of bottoming out and stabilizing is maintained in the medium and long term.
    Affected by Thailand's dumping and the overall weakening of industrial products, Shanghai rubber pulled back to the 20,000 yuan mark, the market rumors that the national reserve bank will hold a round reserve meeting, the volatility of the market intensified, it is recommended that investors take advantage of the dip, maintain cautious optimism, and pay attention to stop loss
    .

    This article is an English version of an article which is originally in the Chinese language on echemi.com and is provided for information purposes only. This website makes no representation or warranty of any kind, either expressed or implied, as to the accuracy, completeness ownership or reliability of the article or any translations thereof. If you have any concerns or complaints relating to the article, please send an email, providing a detailed description of the concern or complaint, to service@echemi.com. A staff member will contact you within 5 working days. Once verified, infringing content will be removed immediately.

    Contact Us

    The source of this page with content of products and services is from Internet, which doesn't represent ECHEMI's opinion. If you have any queries, please write to service@echemi.com. It will be replied within 5 days.

    Moreover, if you find any instances of plagiarism from the page, please send email to service@echemi.com with relevant evidence.