Shanghai rubber weak volatility market inquiry is acceptable

The main 1903 contract opened at 169.
1, with a high of 169.
9, a low of 166.
3, and a daily close of 167.
1, down 1.
9
from the previous session.
(:JPY/kg)

The natural rubber market fell
narrowly.
Shanghai rubber was weak and volatile, and some prices in the spot market fell by about
100 yuan / ton.
Today's market inquiries are acceptable, but there are few real transactions
.
Factory procurement is basically over, due to the abundant supply of the market, the industry is cautious
about the future market.
Some traders will have a holiday tomorrow, and the overall trading atmosphere is becoming muted
.
East China market 17 years full latex offer 10950-11050 yuan / ton
.

Recently, Myanmar joined the Association of Natural Rubber Producing Countries (ANRPC), the total number of ANRPC member countries has reached 13, and natural rubber production accounts for 90.
5% of the world's
total production.
The main rubber cultivation areas in Myanmar are Bago Province, Tanintharyi Province, Mon State and Kayin State
.
According to ANRPC, Myanmar's annual natural rubber production is low, at about 777 kilograms
per hectare.
Between June 2017 and June 2018, Myanmar harvested 242,000 tonnes of natural rubber from about 311,000 hectares of rubber
trees across the country.
According to ANRPC, Myanmar still has 346,000 hectares of rubber forests that have not reached maturity, and it is expected that the annual production of natural rubber in Myanmar will exceed 500,000 metric tons within six years, and Myanmar's accession to ANRPC will promote the development of
its domestic rubber plantation industry.

The main 1901 contract of Shanghai rubber fell weakly, falling below the 10-day moving average
as scheduled.
The pullback in the past two days has caused some indicators to appear short signals, such as the band star, indicating that there is still a new low than 12275, so that the downward target is the 20-day, 40-day, 60-day moving average, and 10 times the weekly moving average, Bollinger middle band, etc.
, that is, the support between 12170-12250, if it falls below it, look at the lower band of Zhouxues and the integer mark, that is, between
12000-12100 。 From the perspective of the weekly moving average trend, the 10-fold weekly average will also be the key to the support below, and some weekly indicators long and short signals appear, such as the weekly pagoda line showing a short signal, it can be said that it is inevitable to create a new low of 12275; Another example is the weekly SAR indicator long signal, indicating that there is still a possibility of hitting a new high of 12620, and the weekly K-line just relies on the support of 5 times and 10 times the weekly moving average, so that there is a possibility
of further rise.

After digesting the Fed's interest rate hike, the current risk, that is, the immediate National Day holiday, capital risk aversion, and it is impossible to confirm its rise or decline, but the aftermath after the rate hike may still be bearish
.
For the so-called gold nine silver ten, some people are more optimistic about October, the basis of which is the arrival of the demand season
.
Some remarks believe that Shanghai rubber rebounded to the 13000-13300 level, but considering the pressure of the Sino-US trade war, environmental protection situation, RMB depreciation, shortage of funds for small and medium-sized enterprises and other impacts, the general environment is not optimistic, and the trend is more bearish
.

The editor has recently suggested that the 1905 and 1909 contracts are short, both above 13,000, and they are already profitable
.
Or the early assumption, 01, 05, 09 according to the 300 point spread, if you see how high the position of 01, you will predict the height of 05 and 09 according to the 300 spread, for example, 01 sees 13000, then 05 is 13300, 09 is 13600, the editor recommends that more than 13000 for inverted pyramid mode layout short orders
.

On the whole, the Shanghai rubber 1901 contract still has a new low than 12275 in the short term, focusing on the support between 12170-12250, and falling below further to see between
12000-121000.
The so-called gold nine silver ten, even if there is a rebound market, it is the time
to lay out short orders.

It is necessary to remind investors that the National Day holiday is approaching, and beware of capital risk aversion, resulting in large fluctuations
in futures prices.