Hottest August 27 rubber daily review crude oil fe

2022-08-14
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Rubber daily review on August 27: the decline in crude oil dragged down the horizontal consolidation of Shanghai Rubber

on August 27, the 1001 contract of Shanghai Tianjiao futures closed at 18715 yuan/ton, down 0.11%. Microcomputer controlled electronic experimental machine is your better choice. Crude oil fell due to the rise in inventories, but the US economy is improving, offsetting this adverse impact. Tianjiao lacks major news stimulation recently, and the market will continue to consolidate

on the disk, Shanghai Jiao is generally stable above multiple average lines, and the market is consolidated below the 19000 integer level. After consolidation, it is expected to hit the 20000 level. Under the influence of the automobile stimulus measures of various countries, the European and American automobile industry has gradually warmed up after the recovery of China's automobile industry, and the demand has increased. Therefore, the future market of Shanghai Jiao is expected to continue to rise

in terms of crude oil, the New York Mercantile Exchange (NYMEX) crude oil futures closed narrowly below $72/barrel during the Asian electronic trading session on the 27th, and fell overnight due to market concerns that China may slow down its investment in industrial capacity and the unexpected rise in U.S. crude oil inventories in recent weeks. Analysts pointed out that "oil demand has not actually improved significantly, which usually brings downside risks to the oil market." As of 15:00 Beijing time, NYMEX October crude oil futures fell 28 cents to 71.15 US dollars/barrel. Intercontinental Exchange (ice) advanced sensors with other characteristics of Brent crude oil in October will also fly into ordinary people's homes, with goods falling 39 cents to $71.26/barrel

in terms of foreign exchange market, in the afternoon of the 27th, the main currencies fell against the yen. The decline of Asian stock markets triggered investors to sell, putting pressure on the rubber price. Global stock markets were boosted by improved investor sentiment, but market sentiment on the 27th was pessimistic. The dollar remained below 94 against the yen. Previously, the pound hit its lowest level against the yen since July 14, and the euro fell to a four-day low against the yen. A large bank trader in Tokyo said that this was affected by the selling of short-term investors and Japanese interbank traders at the time of the decline of Asian stock markets

weather conditions, natural rubber production area in Thailand, cloudy in North Central Thailand and cloudy in South Thailand; In the natural rubber producing area of Malaysia, there is rain in the south of the Malay Peninsula and in the north of Kalimantan island; In the Tianjiao production area of Indonesia, there is rain north of the equator of Sumatra island, cloudy south of the equator of Sumatra island, and cloudy south of Kalimantan island; China's natural rubber producing area, Hainan is cloudy, and Yunnan has showers. The weather will not cause major obstacles to the production and transportation in the production area

in terms of spot goods, the external quotation on Wednesday was slightly higher, RSS3 was quoted in US dollars/ton, and the printed standard was quoted in US dollars/ton. The price in the bonded area in the domestic market has risen as a whole, and the quality of the high-molecular material industry has been comprehensively improved. The purchase of gas is very active. The wire anti swing bar has jumped RSS3 to 2100 US dollars/ton, and the printed label to US dollars/ton. Indonesian Rubber is affected by the production stoppage in Ramadan, and the supply of goods is becoming less. The unit price in the reclamation area market continued to decline slightly today, with the Yunnan market reporting 17791 yuan/ton and Hainan reporting 18000 yuan/ton. The domestic spot price was slightly weak

in other aspects, some economists are worried about the expanding debt of the United States. The huge debt generated by the United States in the process of coping with the crisis will eventually damage investors' confidence in the dollar. The budget deficit forecast announced by the Obama administration recently added to investors' concerns about the dollar. The White House Office of management and budget estimates that the cumulative budget deficit between 2010 and 2019 will reach $9trillion, which is $2trillion higher than previously expected. U.S. President Barack Obama nominated Bernanke for re-election as chairman of the Federal Reserve. The large-scale intervention of the Federal Reserve led to a sharp increase in the supply of dollars and exacerbated the depreciation of the dollar. This will lead to rising commodity prices in the next few years, which will also be beneficial to the price of natural rubber

due to the continuous rainy weather in the main producing countries, the recent rubber supply has shown a sluggish trend in the peak season. At the same time, India's rubber production fell sharply in 2009, imports increased significantly, and the tight supply situation continued. Under the influence of the automobile stimulus measures of various countries, the European and American automobile industry has gradually warmed up after the recovery of China's automobile industry, and the demand has increased. Therefore, the Shanghai Rubber aftermarket is expected to continue to rise

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