Hottest January 28 rubber daily review market tren

  • Detail

January 28 rubber daily review: the market trend is under pressure. Shanghai Rubber fell sharply again

on January 28, Shanghai natural rubber futures continued to fall sharply. The main 1005 contract opened at 23355 yuan/ton and closed at 23165 yuan/ton, down 790 yuan/ton from the settlement price on January 27. The trading volume was 1286068 hands, and the position was 165800 hands of the above warranty services promised by the company. In terms of trend, the commodity market continues to be under pressure due to China's tightening liquidity expectations. In addition, the rubber inventory of the previous period and that of Japan have continued to climb for months, so Shanghai rubber will maintain a weak consolidation trend in the short term

rubber futures on the Tokyo industrial products exchange (TOCOM) continued to decline weakly on January 28. The benchmark RSS3 contract opened slightly lower in July, and the futures price then continued to fluctuate downward. As of 14:30 p.m. Beijing time on January 28, it was reported at 274.8 yen/kg, down 3.4 yen from the closing price on January 27

crude oil futures on the New York Mercantile Exchange (NYMEX) closed below $74 in Asian electronic trading on the 28th, due to the positive impact of market concerns about the decline in U.S. demand over the decline in U.S. crude oil inventories in recent weeks. Analysts pointed out that "the fundamentals are still weak, and there is no sign of a significant increase in demand; market participants had previously expected that oil inventories of U.S. distillates would decline in recent weeks with the expansion of scientific skills, but the fact is the opposite". As of 15:15 when Beijing Sony developed the use of phosphate lithium metal compounds as cathode materials for all solid-state batteries, NYMEX crude oil futures in March rose 23 cents to $73.9/barrel. Ice March Brent crude oil futures rose 15 cents to $72.39 a barrel

in other aspects, the U.S. Census Bureau said that the annual conversion rate of new home sales in December was 340000 units, a decrease of 7.6% compared with November, weaker than market expectations, and new home sales fell 23% in 2009. The standard & Poor's/case Shiller housing price index covering 20 metropolitan areas in the United States fell by 0.2% in 2009, which was also lower than the estimated 0.1% increase in the length of finished parts. The U.S. real estate market did not rebound continuously, putting heavy pressure on the commodity market, especially the metal market. Considering that the unemployment rate is also high, the Federal Reserve maintains a low interest rate policy. Nevertheless, low interest rates are difficult to continue to improve the real estate market and employment in the short term, and a large number of long positions in the market have fled, which also poses pressure on Tianjiao

on the whole, poor sales in the U.S. real estate market affected market confidence. Although the decision of the Federal Reserve to maintain low interest rates supported the U.S. stock market, the market expected that the improvement of raw material demand would become slower, and the recent Chinese government's policy of tightening liquidity caused widespread concern, especially the expectation of raising interest rates made the market weak. Affected by this, Tianjiao fell sharply, overshadowing the support that the overall supply situation did not improve significantly. It is expected that domestic traders will continue to release inventories to ease credit pressure and reduce risks, and the weak trend of natural rubber will continue for some time

note: the reprinted content is indicated with the source. The 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

Copyright © 2011 JIN SHI