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Hongxin Futures: Shanghai Rubber fell sharply, and the 22000 level was temporarily supported

on September 9, Tokyo reported on September 9 that TOCOM rubber futures fell sharply on Tuesday. After the market rose sharply yesterday, the weakening of crude oil prices encouraged speculators to sell. Tokyo traders said that the future market is expected to fall further, and the next psychological support level of 300 yen per kilogram may be tested. 41 research institutions including the Korean Academy of science and technology will form a graphene alliance with 6 enterprises, but rubber futures are expected to get strong support at 295 yen per kilogram. The February contract of Japanese rubber benchmark opened at 310.00, with a maximum of 311.00 and a minimum of 305.00, down 7.10 yen and closed at 306.80 yen/meter (5). Select the shape of the sample in the "sample parameters" column

following the trend of Japanese rubber, Shanghai Rubber jumped lower and opened on Tuesday, and the futures price fell sharply, but the 22000 level rubber price was temporarily supported. The main ru0811 contract opened at 22460, with a maximum of 22490 and a minimum of 22020, and closed at 22205, down 685 points from the settlement price of the previous trading day. 382564 transactions were completed throughout the day, and the position decreased by 4752, causing a large number of enterprises to stop taking orders to 70906

according to Singapore on September 8, the spot rubber price in Asia rose on Monday. Affected by the strength of the futures market and the firmness of the crude oil market, consumers still left the market to wait and see, because it is expected that the current rebound trend is not expected to last. Traders said that rainfall continued to hinder rubber production in the world's three major rubber producing countries - Thailand, Indonesia and Malaysia. The market will continue to pay attention to the situation in Thailand, although there are no serious reports of transportation and shipment delays. RSS3 of Thai No. 3 cigarette glue shipped in September was reported at 298 cents per kilogram, compared with 293 cents in the previous transaction

Bangkok Post reported on September 8 that according to local exporters, the strike in Thai railways and ports affected Thai rubber exports, prompting foreign businessmen to turn to buying rubber from Malaysia and Indonesia. Ratchai, chairman of the Thai Rubber Association, said that foreign traders had stopped buying rubber from Thailand because they had no confidence in timely delivery due to strikes by railway and port unions and anti-government demonstrations. Members of the Thai Railway Union began to strike on August 28. The trade union of the Thai port authority went on strike at Bangkok's klong toey port last Wednesday and resumed work last Friday, but the work has not yet reached a normal level. However, the losses caused by the strike have yet to be estimated

as the US government took over two major real estate mortgage companies, Freddie Mac and Fannie Mae, the US dollar strengthened against major currencies including the euro to an 11 month high, and overnight crude oil futures rose and fell. NYMEX October crude oil futures closed up 0.11 US dollars to 106.34 US dollars/barrel, rising to 109.89 US dollars at one time in the session. However, the trend of oil prices is still uncertain. The US Hurricane Center report shows that Hurricane Ike is likely to hit the Gulf of Mexico later this week. The organization of Petroleum Exporting Countries (OPEC) announced at the oil Ministerial Conference held in Vienna that production would remain unchanged

today, Shanghai Rubber fell sharply with Tokyo rubber, but the uncertainty of crude oil prices and supply concerns caused by the political turmoil in Thailand and the just starting situation of domestic high nickel 3-yuan materials still have an uncertain impact on the future market of Tianjiao. In the short term, Shanghai Jiaotong gained support at the 22000 level, and early empty orders can be appropriately reduced to lock in profits. Pay attention to the trend of international crude oil, and follow up if the rubber price falls below the 22000 level

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