The hottest rubber daily review on October 21 focu

2022-09-23
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Rubber daily review on October 21: pay attention to the trend of crude oil. Shanghai Rubber high-level adjustment

on October 21, Shanghai natural rubber futures fell back at a low opening, with a slight correction. The main 1001 contract jumped short and opened low in the morning, and then fluctuated downward. It once fell below the 5-day average in the session. Most of the time, it was sorted out near the integer value of 19000 yuan/ton, reducing its position and volume. 1001 contract opened at 19110 yuan/ton and closed at 18990 yuan/ton, down 205 yuan/ton from the settlement price on October 20. The trading volume was 669200 hands and the position was 150534 hands

on the disk, Shanghai Jiao was dragged down by the overnight decline in crude oil. In the morning, it opened low and walked low across the board. In the afternoon, it rebounded, and stood on the support of the 5-day moving average. In the short term, it is still in a strong trend. In the future, if the surrounding markets cooperate, it is still possible to rise further

with the gradual establishment and improvement of the crude oil innovation system and the significant acceleration of technological progress, the New York Mercantile Exchange (NYMEX) crude oil futures fell below $79/barrel in the Asian electronic trading session on the 21st, which was attributed to the stabilization after the rebound of the US dollar. At the same time, the report released by the American Petroleum Association (API) showed that US crude oil inventories increased in recent weeks. Analysts pointed out that "the rebound of the US dollar has helped suppress the decline of oil prices from high points. The API report shows that crude oil inventories have increased significantly, which also has a negative impact on oil prices." At 15:00 Beijing time, NYMEX December crude oil futures fell 22 cents to $78.9 per barrel. The settlement price of the contract fell 84 cents to $79.12 a barrel on the 20th, down 1.7.8. Experimental instrument: uh2502 electronic tensile testing machine (equipped with large deformation extension device) 1%. The State Key Laboratory of food contact materials of Jiangsu Changzhou inspection and Quarantine Bureau during the Brent crude oil period of Intercontinental Exchange (ice) in December dropped 24 cents to $77/barrel when testing food contact materials such as colored plastic lunch boxes and plastic cups. The settlement price of the contract fell 53 cents to $77.24 a barrel, down 0.7%

U.S. crude oil futures fell more than 0.5% on Wednesday to below $9 per barrel, extending yesterday's decline and leaving a one-year high after the American Petroleum Institute (API) announced that crude oil inventories increased in the recent week and exceeded expectations. David Moore, commodity strategist at Commonwealth Bank of Australia (CBA), said, "At present, there is abundant supply, and the current oil price digests the situation of insufficient supply, so I am slightly bearish, and I suspect that the oil price will adjust downward. However, market sentiment is still very positive, and it is difficult to reverse in the absence of incentives. The data of the American Petroleum Association shows that inventories have increased significantly, and if the report of the American Energy Information Association (EIA) is the same, it will be quite bearish in the short term."

the rise of yen also suppressed the price of rubber. In the Asian foreign exchange market on the 21st, the US dollar against the Japanese yen and the euro against the Japanese yen deviated from their earlier highs, as the weakness of Asia Pacific stock markets prompted traders to buy yen with hedging effect. Asia Pacific stock markets followed the decline of U.S. stocks on the 21st, and the Nikkei 225 index fell 0.31% to 10305.26 points in afternoon trading on the 21st

in terms of spot price, the quotation of the reclamation area continues to rise. The quotation of Hainan market is 18001 yuan/ton, and the quotation of Yunnan market is 17909 yuan/ton. Recently, with the spot price starting to rise, the price difference between the future and the present has narrowed, but it is still maintained at more than 1000 yuan. The relatively large price difference can still attract arbitrage buying, and the transaction situation of the reclamation area market continues to improve. In the international market, Thai rubber farmers are still reluctant to sell. Southeast Asian factories are bullish on the aftermarket rubber price and are not in a hurry to ship. On Tuesday, the CIF port RSS3 reported US dollars/ton and sir20 reported US dollars/ton. The market quotation of the bonded area rose. Due to the impact of the approaching supply, the atmosphere of reluctant sale in the area was strengthened. The overall inquiry was active. However, due to the higher than expected increase of some quotations, the market trading volume declined. RSS3 was reported as USD/ton, and sir20 was reported as USD/ton

at present, the rubber price is slightly adjusted by the decline of crude oil, but the spot rubber supply is tightening due to weather factors and suppliers' reluctance to sell. The spot price is strong, and with the improvement of the prospects of global economic recovery, the demand is expected to increase. However, the rubber production this year is bound to decline, so the future market of Shanghai rubber will continue to rise

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