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Shanghai rubber shock strengthened, it is recommended to rebound short selling

 Last Update: 2022-12-09
 Source: Internet
 Author: User

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green milk glass

green milk

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Daily trading: Shanghai rubber RU1809 contract opening price 11490 yuan / ton, the highest price 11720 yuan / ton, the lowest price 11360 yuan / ton, the closing price 11640 yuan / ton; The trading volume was 336264 lots, and the position was 328200 lots, an increase of 28430 lots
from the previous trading day.

Shanghai rubber

Night trading: Shanghai rubber RU1809 contract opened at 11650 yuan / ton, the highest price was 11650 yuan / ton, the lowest price was 11535 yuan / ton, and the closing price was 11575 yuan / ton; Down 75 yuan / ton, down 0.
64%.

Domestic sales area market quotation: Shanghai market, Yunnan 16 years full latex quotation 10400/10500 (0/0) yuan/ton; Shandong market, Yunnan 16-year full latex quotation 10600/10700 (+200/+100) yuan/ton; Hengshui market, Yunnan 16-year whole milk quotation 10300 (0/0) yuan / ton, Yunnan market, 17-year full latex quotation 11600 (0) yuan / ton
.

The warehouse receipts of natural rubber futures in the previous period decreased by 30 tons
compared with yesterday.
The warehouse receipt of natural rubber futures in the previous period was reported at 416560 tons
.
Among them, Shanghai decreased by 160 tons, Yunnan Ping, Shandong increased by 170 tons, Tianjin Ping, Hainan decreased by 40 tons
.

The Shanghai rubber 1809 contract strengthened intraday volatility on Friday and fell
back overnight.
From the 60-minute K-line chart, the K-line closed above the 5-day moving average, and the technical indicator MACD red bar continued; On the daily chart, the K line is above the 5-day moving average, the short-term moving average turns well, and the technical indicator MACD green column narrows
.
The volume and position increased, and the technical picture was weak
.
The top 20 members held positions, long orders 69644 (+7570), short orders 98649 (+8213), net short 29005 lots
.

The main contract of Shanghai rubber switched to the 09 contract, and as of the close of the night trading 05-09 price difference closed at 330 yuan / ton, 09-01 price difference closed at 2105 yuan / ton, the spot of premium whole milk was 1075 yuan / ton, and the spot of premium mixed rubber was 1275 yuan / ton
.
Domestic inventories are high, and it is difficult for the downstream operating rate of tire companies to increase significantly, making it difficult for rubber prices to stabilize and strengthen
.
The early cutting of domestic production areas may aggravate the contradiction of the current oversupply in China, the old rubber has not yet been digested, the new rubber is coming, the road to the warehouse is far away, and the operation recommends rebound short selling, not chasing short
.

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