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Saturday, May 21, 2022

Shanghai rubber bearish shock rebound mainly short proposal

[Yesterday] within the disk

RU1601 contract opened at 12,820 yuan / ton, the highest price of 12,895 yuan / ton, the lowest 12,455 yuan / ton, the closing price of 12,455 yuan / ton; volume 505 074 hand positions 155,742 hands, compared with the previous day to reduce the 10,732 hands.

[Overnight outside the disk]

Japanese rubber 1512 contract opened at 207.5 yen / kg, the highest price of 208.3 yen / kg, the lowest 202.6 yen / kg, the closing price of 203.5 yen / kg, volume 7435 hand positions 18161 hand.

[Fundamentals]

1. Domestic market sales areas. Shanghai area 13 years state-owned Yunnan whole milk 11 600 (0), 13 state-owned Hainan whole milk 11600 (0); Shandong Province for 13 years state-owned Yunnan whole milk 11 700 (0), 13 state-owned Hainan whole milk 11700 (0); Yunnan region 14 years of private offer full latex 11,600 (-200); Hengshui area for 14 years no tax price of whole milk private in 11 400 (0) yuan / ton.

2. USD rubber prices. Qingdao Bonded RSS3 report 1650/1660 yuan / ton (-40 / -40), STR201460 / 1470 (-40 / -40), SMR201460 / 1470 (-40 / -40), SIR201450 / 1460 (-40 / -40) ; external disk RSS3 report 1620/1660 (-30 / -40), SMR201440 / 1480 (-40 / -40), STR201450 / 1490 (-40 / -40), SIR201420 / 1460 (-40 / -50), SVR3L1410 / 1440 (-20 / -10), SVR101360 / 1380 (-10 / -10).

3. butadiene, styrene-butadiene lower prices. Qilu Petrochemical SBR 1502 Price 9600 yuan / ton (-50), butadiene rubber market price of 9600 yuan / ton (0).

4. Thailand raw material prices. Thai film stock average price 50.26 baht / kg (-1.06), smoke film 51.82 (-1.49), field latex 49 (-0.5), cup gel 45 (-0.5).

5. RMB adhesive because the New Deal No offer, the data is July 6 offer.RSS3 compound (CIF main port of Qingdao) 1760/1800 yuan / ton (0/0), SMR20 compound (CIF main port of Qingdao) 1550/1590 yuan / ton (0/0), STR20 compound (CIF main port of Qingdao) 1560 / 1600 yuan / ton (0/0)

6. Period on the natural rubber futures warehouse receipts increased compared with 1100 tons yesterday. Natural rubber futures on the period reported 128,250 tons warehouse. Among them, Shanghai reduced by 10, by 90 Shandong, Yunnan HAINAN increased by 600, Tianjin increased by 600.

Technical analysis

Yesterday was a shock down trend. 60 minutes from the chart to see K, k line almost all day in the short-term average around the shock, but the late down sharply in the short-term average line continued to show a clear downward trend run, technical indicators bear trend down again; day line chart, k line continued to be pressed down to 5th MA Yin closing down cross technical indicators, trading volume compared with the previous day, a slight reduction in positions compared to the previous day, there are substantial decline.

[Proposed]

Comprehensive analysis of macro news appears bearish factors, combined with the impact of gold and crude oil, rubber prices down sharply, from a technical analysis point of view, today Hujiao estimated price is bearish concussion. Action proposed to the main short rebound.

Translated by Google Translator from http://market.cria.org.cn/25/28158.html

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