The hottest LUZHENG futures rubber saw a new low-e

2022-08-24
  • Detail

LUZHENG Futures: Rubber saw a new bargain hunting and position reduction in the low side. I. summary of trading in the previous trading day. The 0811 contract of Shanghai Tianjiao futures fell sharply again yesterday. Yesterday, the 0811 contract was significantly lower than the settlement price of the previous day. The opening was volatile and higher, fell rapidly in the afternoon, and closed at the limit in the late afternoon. The final market closed at 22320 yuan/ton, down 4.02%. The trading volume decreased significantly compared with the previous day, and the position decreased. The trend of Shanghai Tianjiao futures 0809 contract was stronger than that of 0811 contract, and the trading volume increased. 2. The position increased during the tensile test

II. Recent news impact

data released by the National Bureau of statistics on the 11th showed that in July, the ex factory price of China's industrial products increased by 10.0% year-on-year, and the purchase price of raw materials, fuels and power increased by 15.4%. In July, the ex factory price (PPI) of industrial products in China rose by 10% year-on-year, and the purchase price of raw materials, fuels and power rose by 15.4%. This is also the highest increase in PPI since 1996. In the ex factory price of industrial products, the ex factory price of production capital (2) wheel load sensor materials increased by 11.7% year-on-year. The ex factory price of means of living increased by 4.6% year-on-year, of which the price of food increased by 9.1%, while the price of durable consumer goods decreased slightly

recently, the American Rubber Manufacturers Association said in New York: affected by the deteriorating economic situation but if it is used too frequently, it is expected that the shipment of tires in 2008 will be 298million sets, down 4% from 310million sets in 2007. Due to the continuous decline of automobile production in North America, the shipment of new passenger car tires in 2008 will decline by more than 11% to 41 million sets. The high international oil price has affected the sales of high fuel consuming trucks and sport utility vehicles, and the shipment of light truck new vehicle tires will decline by more than 35% to 3.8 million sets. According to the latest data released by automobile manufacturers, the annual sales volume of vehicles in the U.S. market in July was 12.5 million, far lower than the 17million in 2005, falling to a 16 year low. The declines of general motors, Ford and Toyota were all in double digits. New car sales in the U.S. market fell by about 18% in June, the lowest monthly sales record in 15 years. The overall sales volume in the U.S. market decreased by about 1189000 vehicles, down 18.3% year-on-year

oil shortages have broken out in many regions in China since this year, affecting the use of cars. In June, the automobile production was 837200, with a month on month decrease of 1.98% and a year-on-year increase of 13.96%; Sales of 836800 vehicles, a month on month increase of 0.15%, a year-on-year increase of 15.35%, and the production and sales rate was 99.95%

according to the inventory data released by Shanghai Futures Exchange, the inventory of natural rubber increased by 5570 tons to 27715 tons last Friday (August 1), an increase of 25.2%. Speculators shorting contracts in September are increasing inventory, and the current price is difficult to attract too much cash to the warehouse. It is expected that the inventory in Shanghai will not recover to the level of 50000 tons before November

in spot, You can refer to the following table:

summary

date product code/name trading volume average price highest price lowest price rise and fall

cnr/concentrated latex 36 16756 16900 16700 -1.04

scrg/gum clear glue 42 22300 22300 22300 0

SCR5 (R)/5 # milk standard 42 27150 27150 27150 0

Haikou trading hall

date product code/name trading volume average price highest price lowest price rise or fall

cnr/concentrated latex 26 16700 16700 16700 0 0

scrg/clear rubber 42 22300 22300 22300 0

SCR5 (R)/5 # milk standard 42 27150 27150 27150 0

Guangdong trading hall

date product code/name trading volume average price most high price most low price rise and fall

cnr/concentrated latex 10 16900 16900 16900 -1.17

III. operation suggestions

as for rubber, we hold the idea of mid line short, and the offer in the international Tianjiao market fell sharply, The main varieties fell below 3100 US dollars, and the buyer's quotation was about US dollars. It is expected that the price will weaken further. Spot traders reported that domestic enterprises' profits have shrunk due to high costs, and there are many downtime and production reduction phenomena. There is a sharp contrast between the sufficient supply of natural rubber and the light consumption, which will cause the price to fall, and the rubber price will enter a weak position in the medium term. In terms of operation, investors are advised not to blindly copy the bottom. Investors who have doubts about the continuous decline can reduce their holdings of original short orders. It is recommended to pay attention to the evolution of the trend shown in the above figure

note: the reprinted content is indicated with the source. The reprint is for the purpose of transmitting more information, and does not mean to agree with its views or confirm the authenticity of its content

Copyright © 2011 JIN SHI