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Shanghai rubber shock fell to maintain bottoming and stabilization

 Last Update: 2022-12-04
 Source: Internet
 Author: User

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The opening price of Shanghai rubber RU1705 contract is 21475 yuan / ton, the highest price is 21480 yuan / ton, the lowest price is 19925 yuan / ton, and the closing price is 20175 yuan / ton; The trading volume was 338534 lots, and the position volume was 248324 lots, a decrease of 12244 lots
from the previous trading day.

Shanghai rubber

Night trading: RU1705 contract opening price 20175 yuan / ton, the highest price 20350 yuan / ton, the lowest price 20050 yuan / ton, the latest price 20270 yuan / ton; Up 95 yuan / ton, an increase of 0.
47%.

The opening price of the Nippon 1707 contract is 310 yen/kg, the highest price is 316.
6 yen/kg, the lowest price is 296.
2 yen/kg, and the closing price is 301 yen/kg; The trading volume was 13441 lots, and the position volume was 9018 lots
.

Domestic spot market: Shanghai market, Yunnan 15-year full latex quotation 19000 (-700) yuan / ton; Shandong market, Yunnan 15-year full latex quotation of 19000 (-700) yuan / ton; Hengshui market, 15-year state-owned whole milk tax-free quotation 18200 (-700) yuan / ton, Yunnan market, 16 years full latex quotation 19900 (0) yuan / ton
.

The warehouse receipts of natural rubber futures in the previous period increased by 80 tons
compared with yesterday.
The warehouse receipt of natural rubber futures in the last period reported 264400 tons
.
Among them, Shanghai decreased by 100 tons, Yunnan Ping, Shandong increased by 180 tons, Tianjin Ping, Hainan Ping
.

The main contract of Shanghai rubber 1705 fluctuated to the downside on the first trading day after the holiday
.
From the 60-minute K-line chart, the K-line fell back above the 5-day moving average, the moving average system was flat, and the technical indicator MACD green column continued; On the daily chart, the K-line covered the pre-holiday red column down to near the 20-day moving average, and the MACD red column turned green
.
The volume of trading volume and position is reduced
.
Overall, short-term technical aspects are weak
.

Comprehensive analysis, the first trading day after the holiday, Shanghai rubber shock declined
.
Global fundamentals have improved, and the view
of bottoming out and stabilizing is maintained in the medium and long term.
The central bank raised the funding rate and released a steady and neutral policy signal, and commodities fell
back in response.
At present, the spot market quotation is scarce, and the price of raw materials has fallen
.
It is recommended that investors go long on dips and beware of pullback risks
.

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