International crude oil into a period of turbulence between natural rubber prices up and down dilemma


Since the international crude oil futures back to 111.34 U.S. dollars have been supporting, in the hurricane and Russia's geopolitical squeeze Chonggao under 120 U.S. dollars to a long dream to review the confidence of investors, but the U.S. dollar, the U.S. energy inventory better The international community prepared to release oil reserves, and other factors, the price of crude oil this week in the 110-120 dollar range concussion.

Recently, the international crude oil rebounded off the fallen too far and Dong Jingjiao Hujiao constantly bounced up, on August 19, Dongjing Jiao, Hu Jiao reach up more than 10%, a more robust rebound, but the more high-Jin Qian city, the more long resistance , A view up the pace of price gradually ease; It is worth noting that spot prices, net of rubber on the 5th day of the cash offer standard plastic in the average 27,205 yuan per ton, while the Shanghai Futures Exchange 809 contracts at high prices seem to have the support of the Hu Jiao's long bullish sentiments; On the other hand, has always been of concern to the 809 contract Bicang is gradually to ease the crisis, the pre-Straddle both sides of the intense game Hujiao 0809 contract positions in recent days remained low, the two sides of the action Relative calm in the months before the delivery of the day Thursday Hujiao 0809 contract positions has been reduced to 34,508 hands, compared to last weekend, registered more than 4 tons of warehouse receipts, Bicang sharp drop in pressure; At the same time, the rubber in the external environment is still short of Favorable, the main rubber producing areas in Southeast Asia in the near future weather conditions are more favorable, the main spot market price is no obvious sign of strength. Glue on the market due to continued dollar strength as well as the impact of crude oil fell, the lack of funds tend to buy; In addition, the National Bureau of Statistics released in July imports of rubber 12.8646 million tons, down 13% year-on-year, and in July and car tire production Sharp decline in the same period last year, showed that the domestic rubber consumption is not optimistic about the prospects. Hujiao 811 contract since Aug. 19 rebound, up nearly 2,200 points, early indicators to repair fallen too far, the decline has been no fundamental change in thinking to short sell the proposal to maintain temper, short-short stop-loss can be set up in the vicinity of 23,800.