The hottest surrounding markets are warming, and S

As the surrounding market warms up, Shanghai Jiao may make up for the rise

Abstract

this week is the first complete trading week after the long holiday. However, under the condition that the surrounding market is obviously warmer and the industry data is better than expected, the price of Shanghai Jiao is only fluctuating in a narrow range, which is relatively weak

the main positive factors are that yunken 10 ; Domestic auto production and sales reached the annual expectation ahead of schedule, breaking the 10 million mark; The international crude oil price is close to the $80 mark, and the Japanese rubber index hit a new high this week

however, the high growth in the number of registered warehouse receipts in the exchange may offset the impact of the above factors. We can also decide whether to add colors, plasticizers, conductive materials or other materials. Therefore, we believe that in the absence of a relatively obvious correction in the surrounding market, Shanghai rubber may take a certain time to digest the current inventory, and the possibility of future market rise is higher. In terms of operation, we should pay attention to the narrow range of shocks formed by the main contracts in the short term and take advantage of the trend, but we can consider reducing the margin proportion occupied by empty orders to avoid the risk caused by the rapid replenishment of Shanghai Jiao

I. market review this week

1. Review of the transaction of Shanghai Jiao futures contract this week

the Shanghai Jiao futures contract fluctuated narrowly this week. The transaction range of main contract 1001 was mainly between 18500 and 18900. Although there were two trading days when we explored the position of 19000, we always failed. The position of 1001 contract increased by 31132 hands this week, and the differences between the long and short sides intensified. On Thursday, the price of crude oil in the overnight market rose sharply, while on Friday, after the Shanghai rubber market opened slightly higher, it was shaken and consolidated throughout the day, and still failed to break through the highs of the previous four trading days. In the case of crude oil market and Japanese rubber market, the performance of Shanghai rubber market is weak

Table 1 Shanghai Futures Exchange Natural Rubber Weekly transaction data table ()

variety

weekly opening price

highest price

lowest price

weekly closing price

rise and fall

position

position change

weekend

settlement price

trading volume

transaction amount (10000 yuan)

ru0910

17600

17900

17000

17470

-90

1072

556

17460

884

7716.92

ru0911

17800

18590

17560

17800

0

12186

1426

17825

8306

73902.31

ru1001

18660

19005

18370

18690

100

130948

31132

18690

ru1003

19100

19400

18860

19110

70

38010

8162

19110

185246

ru1004

19270

19495

19040

19230

15

48

4

19145

46

444.72

ru1005

19390

19990

19250

19395

95

5188

2118

19380

9530

92775.64

ru1006

19480

19800

19315

19370

-220

56

-8

19500

78

763.87

ru1007

19630

19925

19500

the measuring surface is installed on the upper right side of the rack 19550

-155

326

-2

19575

690

6794.36

ru1008

19630

19900

19500

19600

-130

28

-2

19760

22

217.34

ru1009

20100

20200

19700

19850

-55

174

44

19870

reliable processing quality and good uniformity; The processed samples fully meet gb/t229 (2) 010 essentials of Charpy Notch Impact Test for metallic materials, or ASTM EA, EN10045, iso148 Iso083 and other international standards

822

8216.49

ru1010

19705

20040

19660

19920

6

19870

58

576.34

total

188042

43436

source: Shanghai Futures Exchange

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