The hottest Shanghai glue hit a new high this year

2022-08-09
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Shanghai glue hit a new high this year, and short-term adjustment may be difficult to avoid

Abstract

Shanghai glue prices rose and fell this week, and the rise was blocked, but the upward trend remained intact. The following factors deserve attention this week:

1. China's automobile production and sales volume in July was at a high level, still exceeding the level of one million vehicles; The policy of reducing automobile purchase tax will be implemented until the end of the year, and the policy of replacing the old with the new will be implemented this month

2. The inventory of natural rubber continued to increase, with an increase of 4670 tons this week

3. China's natural rubber imports in July increased by 31% year-on-year to 170000 tons

4. A recent study by the International Rubber Research Organization (IRSG) shows that the global demand for synthetic rubber is expected to decline by 7.6% or 959000 tons in 2009, and the demand for synthetic rubber will increase every year from 2010 to 2013

due to many negative factors in the near future, the Shanghai rubber price is expected to start to adjust in the short term. The adjustment range of ru1001 contract will be between 18500 and 20000, and the operation can focus on short-term trading; The long-term trend is still bullish, but it must be adjusted in place

I. market review this week

1. Review of Shanghai Jiao futures contract transactions this week

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)

ru0908

17005

177 EBIT of 1.376 billion euros 00

17005

17500

470

968

22

17535

2324

20393.61

ru0909

17355

18000

17035

17820

850

and can adjust the system through closed-loop feedback

4652

-784

17820

5630

48847.32

ru0910

17205

18100

16805

17945

935

786

-188

18015

394

3479.5

ru0911

17300

18355

17300

18205

1035

29810

-4706

18255

74360

665451.4

ru1001

18620

19850

18580

19585

1130

156938

11448

1965

ru1003

19050

20225

18950

2------ bolt change solid Machine test 0000

1150

6418

-2312

20055

17938

175184.1

ru1004

19290

20245

19205

20200

1020

112

-34

20160

260

2564.15

ru1005

19360

2050 leave holes for anchoring anchor screws and installation circuits when pouring concrete Sensor pipe 0

19360

20330

1080

2492

608

20320

3340

33334.38

ru1006

19700

20745

19700

20450

1030

136

-28

20510

300

3040.47

ru1007

19885

20650

19630

20550

1040

488

34

20585

616

6213.04

total

202800

4060

source: Shanghai Futures Exchange

note: this reprint is for the purpose of transmitting more information, and does not mean to agree with its views or confirm the authenticity of its content

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