Guotai Junan: rubber that continues to weaken
[yesterday's inner market]
yesterday, the rubber 0811 contract opened at 25255 yuan, with a maximum of 25325 yuan. Kenlian aluminum is building two aluminum lithium alloy smelting and casting production lines in the isuval rolling plant in France, with a minimum of 24630 yuan, closing at 24795 yuan, down 710 yuan, trading volume 441232 hands, and positions reduced by 1524 hands to 84500 hands. Rubber 0809 was merged, and from the consumption increment from 2011 to 2015, it was about 26960 yuan. The highest was 26990 yuan, the lowest was 26580 yuan, and closed at 26855 yuan, down 205 yuan. The trading volume was 115760 hands, down 2518 hands to 94292 hands
[external market]
1. The NYMEX crude oil index fell $3.94 to $125.33
2. Yesterday, the Japanese rubber index fell 4.29 yen to 326.73 yen
[fundamentals]
1. Yesterday, China National Rubber 5 # standard glue placed a list of 1025 tons, with only 270 tons of transactions, which was significantly reduced compared with the previous day. The average price was 27022 yuan, the highest was 27100 yuan, and the lowest was 27000 yuan; Singapore spot prices continued to fall on Wednesday, and transactions remained light
2. Crude oil futures prices on the New York Mercantile Exchange closed at a six week low on Wednesday, falling for the second consecutive day, as gasoline and distillate inventories rose sharply, overshadowing the impact of a larger than expected decline in crude oil inventories. The American Energy Information Association (EIA) said on Wednesday that crude oil inventories in the United States decreased by 1.6 million barrels to 295.3 million barrels a week, but gasoline inventories rose for the fourth consecutive week, increasing by 2.9 million barrels to 217.1 million barrels. At the same time, the bill to promote and curb speculation in the oil futures market passed unanimously by the U.S. Senate has also been bad for crude oil for a long time
[technical analysis]
yesterday, the 0811 contract closed below the 60 day moving average, and the technical indicators have weakened across the board; The Japanese rubber index also closed below its 60 day moving average
[operation suggestions]
crude oil continues to decline significantly, rubber will continue to weaken in the short term, and the operation is still open empty at the right time, and the existing empty orders will continue to be held
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