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    Home > Chemicals Industry > New Chemical Materials > The strength of bears has strengthened, and the Shanghai rubber may be weakly oscillated in the future

    The strength of bears has strengthened, and the Shanghai rubber may be weakly oscillated in the future

    • Last Update: 2022-12-15
    • Source: Internet
    • Author: User
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    Rubber producing countries to restrict export measures landed, good out, bulls continue to push up willingness to fall, coupled with the recent pressure on crude oil prices, last week, Shanghai rubber 1905 contract stopped rising and turned down, back to 12,000 yuan / ton line to seek support, stage head signs are obvious
    .

    Shanghai rubber

    In the past week, the position of Shanghai rubber 1905 contract has shown a steady decline, and the top 20 long and short seats have also seen a double reduction phenomenon, but the bulls have reduced their holdings stronger than the bears
    .
    The position data of the exchange shows that the position of the top 20 seats of the long position decreased from 86,759 on March 1 to 71,872 on March 8, a cumulative decrease of 14,887 lots; The position of the top 20 bears decreased from 109991 on March 1 to 96,923 on March 8, a cumulative decrease of 13,068 lots
    .
    With the digestion of bullish factors, bulls' confidence declined, and the short advantage gradually appeared, and the net short position of Hujiao 1905 contract rebounded, increasing from 23232 on March 1 to 25051 on March 8, a net increase of 1819 lots, an increase of 7.
    83%.

    Specific to single-day positions, last Friday, the top 20 seats of the Shanghai rubber 1905 contract showed a phenomenon
    of more increase and decrease.
    Among them, the long position increased by 166 lots, and the short position decreased by 617 lots
    .

    Due to the re-emergence of domestic and foreign risk factors, coupled with the approaching new round of rubber tapping period, supply pressure has risen again, resulting in a lack of confidence in bulls, and the strength of bears has strengthened, and it is expected that the Shanghai rubber 1905 contract will be weak and oscillating
    in the future.

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